07 Apr Oil Prices Today, WTI Crude US$116.00/bbl
(Oilandgaspress) Oil crisis caused by Strait of Hormuz closure continues to create serious disruption to energy supplies and prices which is affecting global economies.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $116.00 | Up |
| Crude Oil (Brent) | USD/bbl | $110.50 | Up |
| Bonny Light 07/04/26 CBN | USD/bbl | $135.11 | Up |
| Dubai | USD/bbl | $128.52 | — |
| Natural Gas | USD/MMBtu | $2.85 | Up |
| Murban | USD/bbl | $118.60 | Up |
| OPEC basket 06/04/26 OPEC | USD/bbl | $123.87 | Up |
| At press time April 07, 2026 |
Around 18% of French petrol stations are currently facing fuel supply shortages, the government said on Tuesday, while rising prices at the pump prompted some drivers in western France to block a road in a sign of rumbling discontent.
As the U.S.-Israeli-led war on Iran enters its sixth week, a supply crunch on oil deliveries has led to a surge in crude and fuel prices in many parts of the world. Related News
Israel has targeted Iran’s railways and bridges after warning people in the war-torn country to avoid using trains.
Railways in the cities of Karaj and Qazvin were bombed, while bridges in Kashan and Tabriz-Zanjan were also destroyed in the latest round of attacks in the ongoing Middle Eastern conflict. Related News
An intensifying global crisis in fuel triggered by the ongoing conflict between Iran, Israel, and the United States has begun to severely disrupt international air travel, forcing airlines across the globe to cancel flights, cut routes, and raise fares.
The crisis stems from steep disruptions to oil supply chains in the Middle East, particularly through the strait of Hormuz, a vital corridor for worldwide energy supplies, sending jet fuel prices soaring and squeezing airline operations, per Gulf News. Related News
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