May 1st, 2026
Oil Holds Weekly Gain as Trump Sticks With Blockade
Oil held its second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports. Oil has soared more than a quarter over the past two weeks as the deadlock in negotiations extends the near-total closure of the crucial waterway, which before the war carried about a fifth of the world’s crude. Bloomberg's Anthony di Paola reports.
