War in Iran: Oil barrel exceeds 120 dollars, a first since 2022
Author: AfricaNewsPublished on: April 30, 2026Country: Iran
PoliticsBusiness & Economy

Oil prices reached 126 dollars per barrel, the highest level since 2022, due to the failure of negotiations between the United States and Iran and blockades in the Strait of Hormuz. Although prices have slightly decreased, they remain above 115 dollars. Washington announced the formation of an international coalition, 'Maritime Freedom Construct', to restore maritime traffic, but Iran, through Ayatollah Mojtaba Khamenei, rejects any American interference.
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