Finance

Oil Holds Weekly Gain as Trump Says Iran Blockade Is Working

Oil held its second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports, elevating concerns the vital Strait of Hormuz would not reopen anytime soon.

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Bloomberg
April 30, 2026·1 min read
Oil Holds Weekly Gain as Trump Says Iran Blockade Is Working

Image: Bloomberg

Oil held its second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports, elevating concerns the vital Strait of Hormuz would not reopen anytime soon.

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Oil Holds Weekly Gain as Trump Says Iran Blockade Is Working

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