4 resultsfor “Why are oil prices rising above $106”
Oil prices rise:** Brent crude [topped $106](/economy/2026/4/24/oil-rises-above-106-per-barrel-as-us-iran-deadlocked-in-strait-of-hormuz) a barrel after tit-for-tat vessel
rises above $106 per barrel as US, Iran deadlocked in Strait of Hormuz Oil prices
rise. “Markets tend to dislike a lack of certainty over who runs a government; the fiscal position is already fragile and likely to become worse should a left-leaning ticket prioritise spending; and that this
rise again in the Strait of Hormuz – this time between Iran and the US – we break down what happened in the 1980s and examine the parallels and differences between the situations then