Oil prices soar to four-year high, US chief says closure of Strait of Hormuz ‘strangling the global economy’ - NZ Herald

Oil prices soar to four-year high, US chief says closure of Strait of Hormuz ‘strangling the global economy’ – NZ Herald

April 30, 2026

Oil prices soar to four-year high, US chief says closure of Strait of Hormuz ‘strangling the global economy’ NZ HeraldOil price hits highest since 2022 after report Trump to be briefed on new Iran options BBCOil price soars as Trump warns Iran blockade could last months RNZBrent crude surges to $123 a barrel on Iran war worries, while world stocks retreat StuffOil price tops $126 a barrel after Trump warns Iran blockade could last ‘months’ The Guardian