{"id":608282,"date":"2026-04-26T23:38:10","date_gmt":"2026-04-26T23:38:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/608282\/"},"modified":"2026-04-26T23:38:10","modified_gmt":"2026-04-26T23:38:10","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\/us\/608282\/","title":{"rendered":"Oil prices increase after Iran doubles down on Strait of Hormuz closure, accuses US of undermining trust"},"content":{"rendered":"

\n Oil prices rose Sunday after an Iranian official warned that the Strait of Hormuz will \u201cunder no circumstances\u201d<\/a> return to its previous state.\n <\/p>\n

\n Brent crude, the international benchmark, was up about 2.14% to $107.58. US crude was up 2.08% to $96.36.\n <\/p>\n

\n Iran\u2019s president Masoud Pezeshkian<\/a> told Pakistani Prime Min\ufeffister Shehbaz Sharif that ongoing US actions were undermining trust and complicating paths to dialogue, according to Iran\u2019s state broadcaster. The accusations come a week after Iran accused the United States of \u201cbreaches of trust\u201d and once again closed the Strait of Hormuz.\n <\/p>\n

\n Pezeshkian also said Tehran would not enter \u201cforced negotiations\u201d with the US and that the American naval blockade at Iranian ports would need to end before reaching an agreement.\n <\/p>\n

\n Meanwhile, President Donald Trump canceled the US envoy to Islamabad<\/a> at the last minute on Saturday after Iran refused to hold direct talks. Trump partially blamed the cancellation on \u201cinfighting\u201d among Tehran\u2019s leaders.\n <\/p>\n

\n Peace talks have stalled ahead of the war\u2019s two-month mark, prolonging oil disruptions and stoking higher gas prices around the world.\n <\/p>\n

\n \u201cWe realized if we place our foot on the throat of the Strait of Hormuz and Bab al-Mandab, 25% of the world\u2019s economy would be affected,\u201d said<\/a> Iran\u2019s Deputy Parliament Speaker Ali Nikzad, according to Iranian semi-official media on Sunday.\n <\/p>\n

\n A gallon of gas cost an average of $4.10 on Sunday, according to AAA data<\/a>. While that\u2019s down from a recent peak, prices are up about 27% since the start of the war.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Oil prices rose Sunday after an Iranian official warned that the Strait of Hormuz will \u201cunder no circumstances\u201d…\n","protected":false},"author":2,"featured_media":608283,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,3,21,19,22,20,25,24],"class_list":["post-608282","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-america","tag-news","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/608282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=608282"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/608282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/608283"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=608282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=608282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=608282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}