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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.

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