Bloomberg Television
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Oil Holds Weekly Gain as Trump Sticks With Blockade
Posted
May 1, 2026
Views
1,671
Likes
17
Comments
1
Engagement
1.08%
May 1, 2026
1,671
17
1
1.08%
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1:52Now PlayingOil 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.
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