# Oil Prices Surge as Hormuz Tensions Push WTI Near $100 and Brent Above $111, Threatening Global Energy Markets

> Oil prices rose as Hormuz tensions pushed WTI near $100 and Brent above $111. Traders remain skeptical of Iranian proposals to reopen the waterway in exchange for deferring nuclear talks. Murban and natural gas also gained.

- Date: 2026-04-28 · published 2026-04-28T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/19906-oil-prices-surge-as-hormuz-tensions-push-wti-near-100-and-brent-above-111
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The Hormuz shipping restriction keeps a significant share of global crude and LNG off the market, supporting energy prices. Higher energy costs feed into fertilizer and transport expenses for agriculture.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-02 | [Oil Prices Surge as Hormuz Disruptions Threaten Global Supply, Analysts Warn - Bloomberg](https://feedsoft.ai/events/8003-oil-prices-surge-as-hormuz-disruptions-threaten-global-supply-analysts-warn.md) | +35.6% | +50.4% |
| WTI | 2018-03-09 | [Oil prices surge above $101 as Gulf conflict escalates, Hormuz shipping slumps](https://feedsoft.ai/events/66168-oil-prices-surge-above-101-as-gulf-conflict-escalates-hormuz-shipping-slumps.md) | +1.7% | +3.2% |
| WTI | 2026-10-01 | [Brent crude oil surges past $102 amid Hormuz tensions, US-Iran conflict](https://feedsoft.ai/events/9323-brent-crude-oil-surges-past-102-amid-hormuz-tensions-us-iran-conflict.md) | -2.3% | +8.7% |
| WTI | 2026-01-14 | [WTI Nears Three-Month High As Iranian Protests Stoke Global Oil Market Concerns](https://feedsoft.ai/events/11395-wti-nears-three-month-high-as-iranian-protests-stoke-global-oil-market-concerns.md) | -0.8% | +6.2% |
| WTI | 2026-04-29 | [Crude oil price near three-week high as UAE leaves OPEC; Strait of Hormuz disruption, US-Iran tension persist \| Stock Market News](https://feedsoft.ai/events/19903-crude-oil-price-near-three-week-high-as-uae-leaves-opec-strait-of-hormuz.md) | +2.2% | -10.9% |
| BRENT | 2026-03-02 | [Oil Prices Surge as Hormuz Disruptions Threaten Global Supply, Analysts Warn - Bloomberg](https://feedsoft.ai/events/8003-oil-prices-surge-as-hormuz-disruptions-threaten-global-supply-analysts-warn.md) | +31.0% | +62.6% |
| BRENT | 2018-03-09 | [Oil prices surge above $101 as Gulf conflict escalates, Hormuz shipping slumps](https://feedsoft.ai/events/66168-oil-prices-surge-above-101-as-gulf-conflict-escalates-hormuz-shipping-slumps.md) | +1.0% | +4.8% |
| BRENT | 2026-10-01 | [Brent crude oil surges past $102 amid Hormuz tensions, US-Iran conflict](https://feedsoft.ai/events/9323-brent-crude-oil-surges-past-102-amid-hormuz-tensions-us-iran-conflict.md) | +2.6% | +8.8% |

## Sources

- gulfnews.com: https://gulfnews.com/business/energy/tensions-push-wti-near-100-brent-above-111-as-hormuz-tensions-hang-over-global-energy-markets-1.500522546

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.