Oil Price Today (April 24): Crude oil nears $110, extends 5-day rally as Iran war tensions rise. Here’s what experts say

April 24, 2026

Oil prices surged for a fifth consecutive day, fueled by escalating Middle East tensions. Iran’s actions in the Strait of Hormuz and reports of air defense engagement have heightened concerns. Analysts predict further price hikes if U.S.-Iran negotiations falter, with potential for Brent crude to reach $150 per barrel amid supply disruptions.

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