Oil prices jump as US-Iran tensions over Strait of Hormuz simmer yet again

NewsBusinessOil prices jump as US-Iran tensions over Strait of Hormuz simmer yet againA standoff between Iran and US has prevented tankers from using the Strait of HormuzElaine Kurtenbach Monday 20 April 2026 07:17 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"CF1:2960784To1","articleMeta":{"url":"https://www.independent.co.uk/news/business/iran-war-oil-prices-strait-hormuz-trump-b2960818.html","title":"Oil prices jump as US-Iran tensions simmer yet again"}}CloseUS forces release video intercepting Iranian-flagged cargo vessel amid blockadeFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emailsSign up to our free breaking news emailsSign up to our free breaking news emailsEmail*SIGN UPI would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice{"className":"sc-1ge0fwe-0","newsletterData":{"regSourceNewsletter":"IND_Breaking_Newsletter","regTitle":"Breaking News","subscriptionGroup":"breaking_news","subscriptionGroupId":"ea81aa66-1d12-4313-9b4e-6f20b0117b8f","type":"breaking_news","pathPrefix":["/news/uk/crime","/news/world","/topic/race","/topic/racism","/topic/race-and-ethnicity","/topic/diversity","/topic/ethnic-minorities","/topic/muslim","/topic/black","/topic/black-british","/topic/african-americans","/topic/systemic-racism","/topic/bame"],"title":"For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails","mobileTitle":"Sign up to our free breaking news emails","imageSrc":"https://static.independent.co.uk/static-assets/images/newsletters/breakingNews1_1.png","label":"I would like to receive breaking news alerts by email","newsletterKey":"receiveIndyBreakingNews","regSourceSection":"Business","re...