Basra crude 125$ amid Hormuz crisis and Trump-Iran tensions
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BASRA (April 7, 2026) – Prices for Basra’s Heavy and Medium crude grades experienced a massive surge on Tuesday, jumping by over 13% to reach their highest levels since the 2022 energy crisis.
This dramatic spike follows intensifying rhetoric from U.S. President Donald Trump and the continued operational paralysis caused by the “Fourth Gulf War” and the closure of the Strait of Hormuz.
Price Breakdown (Tuesday, April 7)
Crude GradeCurrent Price (USD)Price IncreasePercentage
This dramatic spike follows intensifying rhetoric from U.S. President Donald Trump and the continued operational paralysis caused by the “Fourth Gulf War” and the closure of the Strait of Hormuz.
Price Breakdown (Tuesday, April 7)
Crude GradeCurrent Price (USD)Price IncreasePercentage
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