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Iran Blocks Strait of Hormuz, Oil Prices Surge to $100

4/19/2026

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Story summary
  • Iran's new supreme leader reaffirmed blocking the Strait of Hormuz, heightening Persian Gulf tensions.
  • Oil prices rose to about $100 per barrel after vessel attacks, which the IEA called the largest global oil supply disruption.
  • The attacks included two burning oil tankers off Iraq and drone strikes damaging Kuwait Airport.
  • Oman’s Mina al Fahal port closed for security, while images from Bahrain and Dubai showed destruction from Iranian drone strikes.