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Iran Video Spurs Oil Spike, Trump Threatens, Prices Slip

4/24/2026

42 8 Full Breakdown

Summary

Story summary

Iran’s footage of boarding a ship lifted Brent to $106.06 and WTI to $96.56, a 17.13% and 15.13% rise, second-largest since the war began.
Strait of Hormuz closure cut about 20% of global oil and LNG supplies.
President Donald Trump warned that Iran loaded weapons and said U.S. could eliminate it in a day.
Brent fell to $104.79 and WTI to $95.95 after speaker Mohammad Bagher Ghalibaf resigned chief negotiator.

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Story summary

Iran’s footage of boarding a ship lifted Brent to $106.06 and WTI to $96.56, a 17.13% and 15.13% rise, second-largest since the war began.
Strait of Hormuz closure cut about 20% of global oil and LNG supplies.
President Donald Trump warned that Iran loaded weapons and said U.S. could eliminate it in a day.
Brent fell to $104.79 and WTI to $95.95 after speaker Mohammad Bagher Ghalibaf resigned chief negotiator.