{"id":803,"date":"2026-04-29T16:51:47","date_gmt":"2026-04-29T16:51:47","guid":{"rendered":"https:\/\/gw.adampg777.com\/?p=803"},"modified":"2026-04-29T16:51:47","modified_gmt":"2026-04-29T16:51:47","slug":"oil-price-soars-as-trump-extends-iran-blockade-daily-business","status":"publish","type":"post","link":"https:\/\/gw.adampg777.com\/?p=803","title":{"rendered":"Oil price soars as Trump extends Iran blockade \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/01\/Donald-Trump-White-House-press-conf-20-jan-26.png\" alt=\"Donald Trump White House press conf 20 jan 26\" class=\"wp-image-188745 lazyload\"\/><img fetchpriority=\"high\" decoding=\"async\" width=\"922\" height=\"584\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/01\/Donald-Trump-White-House-press-conf-20-jan-26.png\" alt=\"Donald Trump White House press conf 20 jan 26\" class=\"wp-image-188745 lazyload\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/01\/Donald-Trump-White-House-press-conf-20-jan-26.png 922w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/01\/Donald-Trump-White-House-press-conf-20-jan-26-300x190.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/01\/Donald-Trump-White-House-press-conf-20-jan-26-768x486.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/01\/Donald-Trump-White-House-press-conf-20-jan-26-600x380.png 600w\" sizes=\"(max-width: 922px) 100vw, 922px\"\/><figcaption class=\"wp-element-caption\"><em>Donald Trump met energy executives<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size\">Oil prices have risen sharply following reports that the US is preparing for an \u2018extended\u2019 blockade of Iran.<\/p>\n<p class=\"has-medium-font-size\">At the close of equity trading in London Brent crude was trading at $117.64 a barrel, the highest price so far this month.<\/p>\n<p class=\"has-medium-font-size\">A number of energy executives met President Trump following the announcement of a further squeeze on Iran\u2019s economy.<\/p>\n<p class=\"has-medium-font-size\">Iran has shown no inclination to submit to US presure and said it will continue to disrupt traffic travelling through the Strait of Hormuz which usually carries about a fifth of the world\u2019s supply of oil and liquid natural gas.<\/p>\n<p class=\"has-medium-font-size\">Danni Hewson, financial analyst at investment platform AJ Bell, said: \u201cThe longer oil prices persist at these levels, the more likely inflationary pressures become entrenched in the global economy and force central banks to switch focus from a gradual easing of monetary policy towards rate hikes to contain rising prices.<\/p>\n<p class=\"has-medium-font-size\">Lindsay James, investment strategist at Quilter, said that the impact of the war so far in the UK has been largely limited to higher petrol and diesel prices, but \u201cevery day that passes without a resumption of supply sees the risk of physical shortages and steeper price rises on a range of goods increasing\u201d.<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.3) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Oil #price #soars #Trump #extends #Iran #blockade #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump met energy executives Oil prices have risen sharply following reports that the US is preparing for an \u2018extended\u2019 blockade of Iran. At the close of equity trading in&hellip; <\/p>\n","protected":false},"author":1,"featured_media":804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[1069,283,282,545,445,280,1066,100,1068,260,1067],"class_list":["post-803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main-stories","tag-blockade","tag-business","tag-daily","tag-extends","tag-iran","tag-oil","tag-oil-price","tag-price","tag-soars","tag-trump","tag-trump-and-iran"],"_links":{"self":[{"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=\/wp\/v2\/posts\/803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=803"}],"version-history":[{"count":0,"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=\/wp\/v2\/posts\/803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=\/wp\/v2\/media\/804"}],"wp:attachment":[{"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}