---
title: "Brent crude tops US$ 125 a barrel on Iran war worries, while world stocks retreat"  
description: "Brent crude tops US$ 125 a barrel on Iran war worries, while world stocks retreat"  
author: "Anubhav Sharma"  
published: 2026-04-29  
updated: 2026-04-29  
canonical: https://yourviews.mindstick.com/view/88511/brent-crude-tops-us-125-a-barrel-on-iran-war-worries-while-world-stocks-retreat  
category: "international"  
tags: ["international airport", "international"]  
reading_time: 2 minutes  

---

# Brent crude tops US$ 125 a barrel on Iran war worries, while world stocks retreat

The price of **Brent crude** oil surged past **$125 per barrel** early on Thursday, April 30, 2026, as [escalating tensions](https://answers.mindstick.com/qa/114834/how-are-major-powers-responding-to-escalating-tensions-in-the-south-china-sea) in the **Iran war** and a continued blockade of the **[Strait of Hormuz](https://yourviews.mindstick.com/view/88520/donald-trump-sends-warships-to-break-iran-s-strait-of-hormuz-blockade)** threatened [global energy](https://answers.mindstick.com/qa/114141/what-measures-are-being-taken-to-combat-the-global-energy-crisis) supplies.

## Oil Market Surge

- **Brent Crude**: Jumped 6.2% to **$125.36** for June delivery as stalled U.S.-Iran peace talks raised fears of a prolonged conflict.
- **WTI Crude**: The U.S. benchmark climbed 2.3% to **$109.38 per barrel**.
- **Key Drivers**:

   - The **Strait of Hormuz**, which handles roughly 20% of [global oil](https://answers.mindstick.com/qa/116479/how-does-this-war-affect-global-oil-prices) trade, remains effectively closed, creating the largest supply shock on record according to the International [Energy Agency](https://answers.mindstick.com/qa/100960/what-is-the-role-of-the-international-atomic-energy-agency-iaea) (IEA).
   - Geopolitical uncertainty has intensified as the war enters its ninth week with no clear path to a ceasefire.

## Global Stock Market Retreat

Global equity markets retreated on April 30 as investors shifted toward safe-haven assets amid [rising inflation](https://answers.mindstick.com/qa/114921/how-has-the-indian-government-responded-to-the-rising-inflation-in-the-first-half-of-2025) concerns triggered by the energy shock.

- **Asian Markets**:

   - **Tokyo’s Nikkei 225** shed 1.6% to 58,967.07.
   - **[Hong Kong](https://www.mindstick.com/news/2532/anti-money-laundering-bill-in-hong-kong-modified-to-include-crypto)’s Hang Seng** lost 1.3%, while **India's Sensex** dropped 1.2% in early trade.

- **U.S. & European Markets**:

   - **U.S. Futures** signaled a lower open following a muted Wednesday session where the [Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20260429a.htm) kept [interest rates](https://yourviews.mindstick.com/story/3734/how-does-interest-rates-impact-the-economy) steady.
   - The **S&P 500 (US500)** fell to 7,126 points, reflecting a 0.14% dip from the previous session.

## Currency Impact

- **U.S. Dollar**: Gained strength against major currencies, serving as a safe-haven for investors during this period of heightened risk.
- **[Indian Rupee](https://www.mindstick.com/blog/12015/indian-rupee-no-rise-only-fall-is-the-government-doing-enough)**: Hit a record closing low of **95.20 per USD**, pressured by the spike in oil import costs and regional conflict.

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Original Source: https://yourviews.mindstick.com/view/88511/brent-crude-tops-us-125-a-barrel-on-iran-war-worries-while-world-stocks-retreat

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