Oil's Wild Moves
Edited By WION Video Desk
Published: Apr 30, 2026, 11:38 IST | Updated: Apr 30, 2026, 11:38 IST
Oil extended gains to the highest since 2022, surging past 120 dollars per barrel on Thursday as the US-Iran stalemate showed any signs of easing anytime soon.
The over two-month-long conflict remains in a stalemate with energy and other supplies through the critical Strait of Hormuz at a standstill.
That has led to fuel rationing across much of Asia and Africa and fears of a global economic slowdown.
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