oil prices
Global Energy Crisis: Oil Shatters $110 Barrier as Strait of Hormuz Blockade Paralyses Markets
The global energy landscape was thrust into chaos this week as Brent Crude prices surged past the $110 per barrel mark, closing at $112.96 on April 2, 2026. The dramatic spike follows an official "full blockade" of the Strait of Hormuz by Iranian forces, a retaliatory move