{"id":399548,"date":"2026-04-27T07:29:10","date_gmt":"2026-04-27T07:29:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/399548\/"},"modified":"2026-04-27T07:29:10","modified_gmt":"2026-04-27T07:29:10","slug":"oil-prices-increase-after-iran-doubles-down-on-strait-of-hormuz-closure-accuses-us-of-undermining-trust","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/399548\/","title":{"rendered":"Oil prices increase after Iran doubles down on Strait of Hormuz closure, accuses US of undermining trust"},"content":{"rendered":"

By Auzinea Bacon, CNN<\/p>\n

\"A<\/p>\n

\nIran accused the United States of “breaches of trust” and once again closed the Strait of Hormuz
\nPhoto: AFP \/ Samuel Boivin \/ NurPhoto\n<\/p>\n

Oil prices rose Sunday after an Iranian official warned that the Strait of Hormuz will “under no circumstances” return to its previous state.<\/p>\n

Brent crude, the international benchmark, was up about 2.14 percent to $107.58 (NZ$183.08). US crude was up 2.08 percent to $96.36 {NZ$163.99).<\/p>\n

Iran’s president Masoud Pezeshkian told Pakistani Prime Minister Shehbaz Sharif that ongoing US actions were undermining trust and complicating paths to dialogue, according to Iran’s state broadcaster.<\/p>\n

The accusations come a week after Iran accused the United States of “breaches of trust” and once again closed the Strait of Hormuz.<\/p>\n

Pezeshkian also said Tehran would not enter “forced negotiations” with the US and that the American naval blockade at Iranian ports would need to end before reaching an agreement.<\/p>\n

Meanwhile, President Donald Trump cancelled the US envoy<\/a> to Islamabad at the last minute on Saturday after Iran refused to hold direct talks. Trump partially blamed the cancellation on “infighting” among Tehran’s leaders.<\/p>\n

Peace talks have stalled ahead of the war’s two-month mark, prolonging oil disruptions and stoking higher gas prices around the world.<\/p>\n

“We realized if we place our foot on the throat of the Strait of Hormuz and Bab al-Mandab, 25 percent of the world’s economy would be affected,” said Iran’s Deputy Parliament Speaker Ali Nikzad, according to Iranian semi-official media on Sunday.<\/p>\n

A gallon of gas cost an average of $4.10 (NZ$6.98) on Sunday, according to AAA data. While that’s down from a recent peak, prices are up about 27 percent since the start of the war.<\/p>\n

-CNN<\/p>\n","protected":false},"excerpt":{"rendered":"By Auzinea Bacon, CNN Iran accused the United States of “breaches of trust” and once again closed the…\n","protected":false},"author":2,"featured_media":399549,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[48,47,42,43,49,46,44,45,40,38,41,39],"class_list":["post-399548","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-audio","tag-current-affairs","tag-headlines","tag-news","tag-podcasts","tag-public-radio","tag-radio-new-zealand","tag-rnz","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/399548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=399548"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/399548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/399549"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=399548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=399548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=399548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}