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Brent oil tops $118 after Trump vows to blockade Iran

Filed: Apr 29, 2026 at 3:00 PM ET
Summary: Brent oil rose above $118 after Trump said he will blockade Iran until a nuclear deal is reached.
WHO: Trump
WHAT: Trump says he will blockade Iran until it agrees to a nuclear deal
WHEN: Apr 29, 2026 at 1:47 PM ET
WHERE: Location not specified
WHY: Trump said the blockade would continue until Iran agrees to a nuclear deal.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
📋 This story has 21 earlier reports
🔍 44 sources analyzed

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