Brent Crude Reaches $114.66 per Barrel…Hormuz Blockade Persists

Brent crude rose to $114.66 on April 30 morning, up $0.66 from the prior day and approximately $53 higher year-over-year. President Trump maintained pressure on Tehran, characterizing the blockade as successful, while Iraq, Saudi Arabia, UAE, Kuwait, Qatar, and Bahrain combined to shut in 9.1 million barrels daily in April.