# Oil Prices Surge 2% Amid Iran Tensions

> Oil prices jump 2% as Iran tensions threaten Strait of Hormuz trade.
- Title: Oil Prices Surge 2% Amid Iran Tensions · The Economic Times
- Summary: Oil prices jump 2% as Iran tensions threaten Strait of Hormuz trade. Oil prices rose nearly 2% after Iran's security chief vowed the Strait of Hormuz won't…
- Keywords: brent crude, west texas intermediate, strait of hormuz, iran, oil prices, trade tensions, Oil, Prices, Surge, Tensions, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/energy/oil-gas/crude-oil-prices-surge-nearly-2-amidst-tensions-over-irans-strait-of-hormuz/articleshow/134445439.cms
- Author: Reuters
- Published: 2026-09-23T19:33:00+00:00
- Read time: 1 min
- Topics: brent crude, west texas intermediate, strait of hormuz, iran, oil prices, trade tensions
## Oil Prices Rise
Oil prices jumped nearly 2% Wednesday in choppy trade.
## Brent Crude Focused
Brent crude futures rose $1.84 to $101.09 a barrel.
## West Texas Intermediate
West Texas Intermediate gained 69 cents to $91.21.
## Iran's Vow
Iran's security chief said the Strait of Hormuz won't reopen until conditions are met.
## Trade Tensions
Iran's president vowed never to surrender amid naval blockade discussions.
## Key takeaway

Oil prices rose nearly 2% after Iran's security chief vowed the Strait of Hormuz won't reopen until conditions are met.