Oil prices jump more than 7% after Iran and U.S. attack ships as tensions escalate over Strait of Hormuz

https://www.cnbc.com/2026/04/19/oil-price-iran-war-strait-hormuz-tanker.html

just another weekend of market manipulation …………….. read all about it !!

Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.

West Texas Intermediate futures for May delivery rose more than 8% to $90.91 per barrel. International benchmark Brent for June delivery advanced nearly 8% to $97.45.

The U.S. Navy on Sunday fired on an Iranian container ship in the Gulf of Oman, and the Marines later took custody of the ship, President Donald Trump said. The ship had tried to get past the U.S. naval blockade of Iran’s ports, Trump said in a Truth Social post.

The U.S. seizure of the ship came after Iran attacked a tanker in the Strait of Hormuz on Saturday. Revolutionary Guard gunboats fired on the tanker and a containership was hit by an unknown projectile, according to the United Kingdom Maritime Operations Centre.