US sanctions on Iran likely to be extended, oil prices rise in global markets
Published: 12:07 29 April 2026
Global energy markets have become unstable again due to news that the US naval blockade on Iranian ports may be extended. According to reports published in international media, the Donald Trump administration is preparing to extend the blockade.
Citing US officials, media outlets reported that plans have been made to limit ship traffic at the country's important ports to continue pressure on Iran's economy and oil exports. This possibility has had a direct impact on the global market.
On Wednesday morning, oil prices in the international market were seen rising again. The price of Brent Crude Oil, which has been rising for several days, has risen to more than $111 per barrel for June delivery. Similarly, the price of West Texas Intermediate (WTI) oil has also risen above the $100 mark.
According to analysts, the increase in tension in the Middle East and the fear of disruption of oil supply through the Strait of Hormuz have mainly made the market unstable. As a result, it is expected that the upward trend in fuel prices may continue.
Advertisement
Most Readed - International
- Housewife dies of electrocution while cooking rice on magic stove
- Vegetable prices hit 'century', green chillies cost Tk 280 per kg
- Jamaat is not a party of angels, we too can make mistakes: Opposition leader
- 'A dog cannot bark with a bone in its mouth': Naseeruddin Shah takes a dig at Bollywood's silence
- Vaibhav Suryavanshi's new history, breaking many old records of Sachin-Afridi
- Sonam Wangchuk ends hunger strike after 26 days after receiving written assurance from central government
- Chief Prosecutor hopes to complete all investigations into July massacres within a year
- Entertainment stars support protesting students in India
- ‘We were heading towards Medina, suddenly we saw a caravan going towards America’: Faizul Karim
- Kaptai Dam's 16 spillways closed after 4 days and 11 hours
- Dr. Shafiqur Rahman: Life, Medical Profession, and Political Journey
- Shamim Kaisar Lincoln: A People’s Representative and His Political Journey
- Ecuador knocks out Germany, declares national holiday in celebration
- Hasnat Abdullah: Student Life, Movement, and Political Journey
- Argentina faces challenge to break old records in World Cup
- Bangla QR payment to be mandatory across the country from July 1
- The Game of Confusion Over Geopolitics: Who Is Responsible for Misleading the People?
- Shakira reveals her secret routine to stay radiant on stage
- The Dignity of Physicians, the Crisis in the Health Sector, and the State’s Responsibilities
- Fire at Chittagong Port's Custom Auction Shed, Fire Service Quickly Brings Under Control