Back

Oil Surpasses $100 a Barrel Amid U.S. Escalation in the Strait of Hormuz

April 13, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Oil Surpasses $100 a Barrel Amid U.S. Escalation in the Strait of Hormuz

Oil prices jumped more than 7 percent, surpassing the $100 per barrel mark, as geopolitical tensions escalated following the United States' announcement of its intention to control shipping traffic in the Strait of Hormuz, a move that could restrict Iranian oil exports. According to trading data, Brent crude futures rose by $6.71, equivalent to 7.05 percent, reaching $101.62 per barrel by 07:54, after ending Friday's trading down by 0.75 percent. View the full content on Echourouk Online.

Share on social media

Related Articles

Béjaïa Port Achieves a Record

Béjaïa Port Achieves a Record

Béjaïa Port has set a new record in handling bulk cargo, unloading 15,153.60 tons of corn within 24 hours, in an operation conducted directly from the ship to the trucks, according to the Béjaïa Port Authority (EPB). The authority stated in a press release that the operation was carried out at berth number 21, starting from the ship 'BUNUN TREASURE' coming from Santarém, thus breaking the previous record set at the port. View the full content on Echourouk Online.

Oct 28, 2026echoroukonline.com

News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.