Oil prices surge 7%: US energy secretary issues warning as gas tops $4 per gallon amid Hormuz tensions

Times Of India — Apr 20, 03:04 AM

https://timesofindia.indiatimes.com/photo/130381108.cms" style="margin-top: 3px; margin-right: 5px;" />Oil prices have spiked dramatically as Iran re-imposed a blockade on the vital Strait of Hormuz, sparking global market jitters.

Indian tankers faced gunfire, and US forces seized an Iranian vessel, escalating military tensions.

Diplomatic efforts are underway in Pakistan, but a ceasefire extension remains uncertain.

Read full article at Times Of India →

Oil Prices Surge on Hormuz Standoff

Current price of oil as of April 20, 2026 Fortune — Apr 20, 12:51 PM
Strait of Hormuz Traffic Is at a Standstill Again The New York Times — Apr 20, 12:38 PM
Oil prices jump and stocks are mixed as the U.S.-Iran standoff keeps the Strait of Hormuz in limbo CTV News — Apr 20, 11:50 AM
Why Oil Prices Are Rising Again Ahead of Potential U.S., Iran Peace Talks Barrons — Apr 20, 09:19 AM
Oil rises 5% on renewed US-Iran tension RTE — Apr 20, 06:10 AM