Oil prices reach $105 as Iran and US tighten grip on Strait of Hormuz

NewsBusinessOil prices reach $105 as Iran and US tighten grip on Strait of HormuzStocks in South Korea, China and Hong Kong fell, while Nasdaq and S&P 500 futures advancedStuti Mishra Friday 24 April 2026 07:03 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":"b2964086","articleMeta":{"url":"https://www.independent.co.uk/news/business/brent-crude-prices-today-asian-stocks-iran-war-strait-of-hormuz-b2964086.html","title":"Oil prices reach $105 as Iran and US tighten grip on Strait of Hormuz "}}CloseTrump warns of ‘big tariff’ if UK does not drop digital services taxSign up to the Independent Climate email for the latest advice on saving the planetGet our free Climate emailGet our free Climate emailEmail*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_Climate_Newsletter","regTitle":"Independent Climate","subscriptionGroup":"climate","subscriptionGroupId":"5a7ac7c1-5f39-48c0-8ee8-0b8e43b9e451","type":"climate_change","pathPrefix":"/climate-change","associatedAuthors":["Stuti Mishra"],"title":"Sign up to the Independent Climate email for the latest advice on saving the planet","mobileTitle":"Get our free Climate email","imageSrc":"https://static.independent.co.uk/static-assets/images/newsletters/climate1_1.png","description":"Sign up for news and advice on saving the planet","label":"I would like to receive morning headlines Monday - Friday plus breaking news alerts by email","newsletterKey":"receiveClimate","regSourceSection":"Business","regSourceMethod":"NSCs"},"isClimate":true}Oil prices held above $105 a barrel on Friday as the Strait of Hormuz remained closed, with both the US and Iran seizing ships. Brent...