Event Brief
Oil falls after surging to $126 on supply fears
Filed: Apr 30, 2026 at 5:00 PM ET
Summary: Brent crude fell after surging to $126 as a blockade of the Strait of Hormuz continued.
WHO: Brent crude
WHAT: Brent crude dropped after reaching $126 amid supply fears from Strait of Hormuz blockade
WHEN: Apr 30, 2026 at 3:14 PM ET
WHERE: Strait of Hormuz
WHY: Supply fears persisted due to the blockade of the Strait of Hormuz.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
🔍 8 sources analyzed
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