Brent crude oil peaks for the month amid fears of a prolonged blockade of the Strait of Hormuz

In trading on April 29, Mark crude oil with delivery in June jumped more than 3% at the moment, reaching a peak of $115.43 per barrel. This is the highest in the last month, Reuters points out. At the time of publication, Brent has slowed down a bit - traded at $114.57 per barrel. North American WTI, meanwhile, adds almost 3.5% against the previous close and costs $103.4.

Such dynamics oil quotations demonstrate such dynamics amid reports that the U.S. is preparing to extend the blockade of Iranian ports and ships in the Strait of Hormuz, which is likely to prolong disruptions in energy supplies from the Persian Gulf countries, writes Reuters. The Wall Street Journal earlier reported that US President Donald Trump had instructed his aides to prepare for a prolonged blockade of Iranian ports, citing unnamed US officials. This step, according to the newspaper's interlocutors, Trump preferred the "riskier" resumption of bombing of Iran in order to force Tehran to make concessions on the nuclear program.

Against this backdrop, Reuters notes, Brent has been rising for the eighth day in a row. WTI contracts with delivery next month have also increased in price for seven of the last eight sessions.

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