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Oil Surges Past $100 as Iran Seizes Ships, Markets Slide

4/23/2026

50 6 Full Breakdown

Summary

Story summary

Brent crude rose above $100 a barrel as investors reacted to stalled Iran-U.S. peace talks.
Iran's Revolutionary Guard seized two of three ships in the Strait of Hormuz, halting traffic.
U.S. President Donald Trump said United States will keep its sea blockade of Iranian ports after Iran fired on three ships.
European and Asian indexes fell, with S&P 500 futures down 0.5% and Japan’s Nikkei slipping from a record high.

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Story summary

Brent crude rose above $100 a barrel as investors reacted to stalled Iran-U.S. peace talks.
Iran's Revolutionary Guard seized two of three ships in the Strait of Hormuz, halting traffic.
U.S. President Donald Trump said United States will keep its sea blockade of Iranian ports after Iran fired on three ships.
European and Asian indexes fell, with S&P 500 futures down 0.5% and Japan’s Nikkei slipping from a record high.