Event Brief
Crude oil hits four-year high as Iran war fears rise
Filed: Apr 30, 2026 at 6:00 AM ET
Summary: Brent crude jumped to a four-year high after Donald Trump signalled the Strait of Hormuz blockade could last months.
WHO: Donald Trump
WHAT: Brent crude prices rose to the highest level since the start of the Ukraine war amid Iran-war-related threats.
WHEN: Apr 30, 2026 at 5:29 AM ET
WHERE: Strait of Hormuz
WHY: Trump signalled the American blockade could last for months, threatening prolonged conflict.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
📋 This story has 5 earlier reports
🔍 26 sources analyzed
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