Oil Price Rises Above $107 After Trump Tells Aides to Prepare for Extended Blockade -- WSJ

Dow Jones04-29 18:42

By Rebecca Feng

Global oil prices and U.S. domestic gas prices will likely stay high for a longer period of time, analysts said, raising the possibility of a prolonged stagflationary shock.

Brent crude, the international oil benchmark, rose 3% on Wednesday morning to above $107 a barrel after The Wall Street Journal reported that President Trump instructed aides in recent meetings to prepare for an extended blockade of Iran.

Trump assessed that continuing the blockade and pressuring Iran economically is less risky than other options such as resuming bombing or walking away from the conflict, the Journal reported on Tuesday.

That scenario, which appears to be a combination of a lasting ceasefire combined with disrupted traffic at the Strait of Hormuz, will likely push Brent prices to between $95 to $105 a barrel, said Abhishek Kumar, a senior oil market analyst at Sparta Commodities. The "managed stalemate" scenario will also push Asian buyers toward barrels from the U.S., Brazil, West Africa and Russia, he said.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 29, 2026 06:42 ET (10:42 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2631597849?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-29 18:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2631597849","market":"sg","top_or_hot":-1,"title":"Oil Price Rises Above $107 After Trump Tells Aides to Prepare for Extended Blockade -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Rebecca Feng \n</p>\n<p>\n     Global oil prices and U.S. domestic gas prices will likely stay high for a longer period of time, analysts said, raising the possibility of a prolonged stagflationary shock. \n</p>\n<p>\n     Brent crude, the international oil benchmark, rose 3% on Wednesday morning to above $107 a barrel after The Wall Street Journal reported that President Trump instructed aides in recent meetings to prepare for an extended blockade of Iran. \n</p>\n<p>\n     Trump assessed that continuing the blockade and pressuring Iran economically is less risky than other options such as resuming bombing or walking away from the conflict, the Journal reported on Tuesday. \n</p>\n<p>\n     That scenario, which appears to be a combination of a lasting ceasefire combined with disrupted traffic at the Strait of Hormuz, will likely push Brent prices to between $95 to $105 a barrel, said Abhishek Kumar, a senior oil market analyst at Sparta Commodities. The \"managed stalemate\" scenario will also push Asian buyers toward barrels from the U.S., Brazil, West Africa and Russia, he said. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2026 06:42 ET (10:42 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Price Rises Above $107 After Trump Tells Aides to Prepare for Extended Blockade -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Price Rises Above $107 After Trump Tells Aides to Prepare for Extended Blockade -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-29 18:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Rebecca Feng \n</p>\n<p>\n     Global oil prices and U.S. domestic gas prices will likely stay high for a longer period of time, analysts said, raising the possibility of a prolonged stagflationary shock. \n</p>\n<p>\n     Brent crude, the international oil benchmark, rose 3% on Wednesday morning to above $107 a barrel after The Wall Street Journal reported that President Trump instructed aides in recent meetings to prepare for an extended blockade of Iran. \n</p>\n<p>\n     Trump assessed that continuing the blockade and pressuring Iran economically is less risky than other options such as resuming bombing or walking away from the conflict, the Journal reported on Tuesday. \n</p>\n<p>\n     That scenario, which appears to be a combination of a lasting ceasefire combined with disrupted traffic at the Strait of Hormuz, will likely push Brent prices to between $95 to $105 a barrel, said Abhishek Kumar, a senior oil market analyst at Sparta Commodities. The \"managed stalemate\" scenario will also push Asian buyers toward barrels from the U.S., Brazil, West Africa and Russia, he said. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2026 06:42 ET (10:42 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2631597849","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2631597849","pubTimestamp":1777459320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Global oil prices and U.S. domestic gas prices will likely stay high for a longer period of time, analysts said, raising the possibility of a prolonged stagflationary shock.Brent crude, the international oil benchmark, rose 3% on Wednesday morning to above $107 a barrel after The Wall Street Journal reported that President Trump instructed aides in recent meetings to prepare for an extended blockade of Iran.Trump assessed that continuing the blockade and pressuring Iran economically is less risky than other options such as resuming bombing or walking away from the conflict, the Journal reported on Tuesday.That scenario, which appears to be a combination of a lasting ceasefire combined with disrupted traffic at the Strait of Hormuz, will likely push Brent prices to between $95 to $105 a barrel, said Abhishek Kumar, a senior oil market analyst at Sparta Commodities. The \"managed stalemate\" scenario will also push Asian buyers toward barrels from the U.S., Brazil, West Africa and Russia, ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4588":"碎股","USE":"USCF Energy Commodity Strategy Absolute Return Fund","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","DRLL":"Strive U.S. Energy ETF","PXJ":"Invesco Oil & Gas Services ETF","DIG":"二倍做多美国油气指数","IXC":"全球能源业ETF-iShares","DBC":"商品指数ETF-PowerShares DB","IEO":"iShares Dow Jones U.S. Oil & Gas","VDE":"Vanguard Energy ETF","DBE":"能源商品ETF-PowerShares","ERX":"二倍做多能源ETF-Direxion"},"translate_title":"特朗普告诉助手为延长封锁做好准备后油价升至107美元以上——华尔街日报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBE":0.61,"GUSH":0.61,"IXC":0.61,"ERX":0.61,"DRLL":0.61,"PXJ":0.61,"DIG":0.61,"DBC":0.61,"IEO":0.61,"USE":0.61,"VDE":0.61,"DRIP":0.61},"content_text":"By Rebecca Feng \n\n\n     Global oil prices and U.S. domestic gas prices will likely stay high for a longer period of time, analysts said, raising the possibility of a prolonged stagflationary shock. \n\n\n     Brent crude, the international oil benchmark, rose 3% on Wednesday morning to above $107 a barrel after The Wall Street Journal reported that President Trump instructed aides in recent meetings to prepare for an extended blockade of Iran. \n\n\n     Trump assessed that continuing the blockade and pressuring Iran economically is less risky than other options such as resuming bombing or walking away from the conflict, the Journal reported on Tuesday. \n\n\n     That scenario, which appears to be a combination of a lasting ceasefire combined with disrupted traffic at the Strait of Hormuz, will likely push Brent prices to between $95 to $105 a barrel, said Abhishek Kumar, a senior oil market analyst at Sparta Commodities. The \"managed stalemate\" scenario will also push Asian buyers toward barrels from the U.S., Brazil, West Africa and Russia, he said. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  April 29, 2026 06:42 ET (10:42 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2631597849","isCrawlerRequest":true}