Oil prices rose more than 5% on the international market this Wednesday.

The June contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) It ended this Wednesday (29) with a significant increase of 6.95%, quoted at US$ 106.88/barrel. The July contract for the Brent advanced 5.78% in Intercontinental Exchange (ICE), trading at US$110.44/barrel.

In this trading session, fuel prices were driven up after the president of United States, Donald Trump, to declare that it will maintain the US naval blockade against the Iran…until the government of the Persian country accepts a nuclear agreement. 

The statement came after negotiations to end the conflict in [location] stalled. Middle EastTrump also threatened to resume attacks against Iran.

In response, the administration of Tehran He promised to respond to the US actions and that he will only continue negotiations if the US reduces its demands. The president of Parliament Iranian, Mohammad GhalibafHe classifies Washington's naval blockade as a measure to "foment divisions" in the country.

Furthermore, the Energy Information Administration (EIA) It was reported that the volume of oil stored in the US fell by 6.234 million barrels in the week ending April 24, to 459.5 million barrels, compared to market projections of an increase of 300,000 barrels.

By limiting larger gains, the Organization of the Petroleum Exporting Countries (OPEC) informed, through Annual Statistical Bulletin (ASB), that global fuel production grew by 2.24 million barrels per day (bpd) in 2025, compared to 2024, for an average of 74.85 million bpd per year.

This text was translated by machine from Brazilian Portuguese.