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Iran Seizes Ships, Oil Prices Near $100 Amid Tensions

4/22/2026

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Story summary
  • Iran escalated maritime aggression by attacking three ships in the Strait of Hormuz on April 22, 2026, with the Islamic Revolutionary Guard Corps (IRGC) seizing two vessels.
  • Brent crude oil prices rose toward $100 per barrel as a result of the tensions.
  • Iranian officials said there would be no negotiations until the United States lifts its blockade.
  • Fighting continues in Lebanon, with Israeli strikes causing casualties.
  • The ceasefire remains uncertain.