#oil-prices

#oil-prices

The May payment, declared April 20, came in at $0.000473 per unit, totaling $5,757 across the entire trust. For context, the January 2026 payment was $0.019386, and as recently as mid 2022, monthly checks ran around $0.10 per unit.

Trump posted on Truth Social that the U.S. will guide ships from 'neutral and innocent' countries out of the Strait of Hormuz, dubbing the effort Project Freedom. He stated, 'The Ship movement is merely meant to free up people, companies, and Countries that have done absolutely nothing wrong - They are victims of circumstance.'

The breakdown of talks between the U.S. and Iran, along with President Trump reportedly rejecting Iran's proposal for a reopening of the Strait of Hormuz, has the market losing hope for any quick resumption in oil flows.

Brent crude hit a record price since the war began on 28 February, surging more than 13% in 24 hours, marking the highest level since 2022.

The war in Iran and the resulting blockade of the Strait of Hormuz will tear a £35 billion hole in UK output over the next two years, push consumer price inflation back above 4 per cent, and force the Bank of England to raise interest rates rather than cut them.

Oil prices extended their rebound on Tuesday as the lack of progress in negotiations between the United States and Iran continued to weigh on expectations of a reopening of the Strait of Hormuz.

The dollar index edged slightly higher on Tuesday as concerns about the lack of progress in the diplomatic efforts between the US and Iran reinforced safe-haven demand.

Chris Ong, Seatrium's CEO, sees the Iran conflict sharpening what specialists call the energy trilemma, or the trade-off between energy security, affordable supply, and environmental sustainability. "The situation is now even worse because of the destruction of supply, which is still not fully priced in," Ong says. "People don't understand; they have been swung between different stories every day."