Big Number
$77.76. That’s how much Brent crude oil futures were trading at around 11:30 a.m. EDT Wednesday, jumping more than 5% after the renewed strikes and threats.
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Key Background
The U.S. launched renewed strikes on Iran following attacks on commercial ships in the Strait of Hormuz. The vessels included a Qatari liquefied natural gas tanker and a Saudi crude oil tanker, Reuters reported, leading to condemnations from both countries and the U.S.—although Iran has not officially taken responsibility for the strikes. Thousands of Iranians are mourning the country’s former Supreme Leader Ayatollah Ali Khamenei, who was killed during U.S. and Israeli air strikes in the early days of the war.
Further Reading
https://www.forbes.com/sites/alisondurkee/2026/04/06/why-trumps-bombing-of-irans-infrastructure-would-likely-be-a-war-crime/
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https://www.forbes.com/sites/saradorn/2026/03/24/heres-why-the-us-could-seize-kharg-island-in-war-with-iran-and-why-it-might-backfire/
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