Economy

Oil tumbles after surging to $126 on supply fears

Brent crude hit new conflict high as blockade of Strait of Hormuz continues before dropping in wildly volatile trading

F
Financial Times
April 30, 2026·1 min read
Oil tumbles after surging to $126 on supply fears

Image: Financial Times

Brent crude hit new conflict high as blockade of Strait of Hormuz continues before dropping in wildly volatile trading

Original article

Oil tumbles after surging to $126 on supply fears

Published by Financial Times

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