{"id":42505,"date":"2026-08-14T10:48:50","date_gmt":"2026-08-14T08:48:50","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=42505"},"modified":"2026-08-14T10:48:50","modified_gmt":"2026-08-14T08:48:50","slug":"oil-rises-after-us-threatens-indefinite-blockade-of-iran","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/oil-rises-after-us-threatens-indefinite-blockade-of-iran\/","title":{"rendered":"Oil rises after US threatens indefinite blockade of Iran"},"content":{"rendered":"<div>Oil prices gained on Friday after the United States (US) threatened an indefinite naval blockade of Iran, reviving \u200bconcerns about supply of crude after the previous session&#8217;s fall on a weaker outlook \u200cfor demand and a large build in US stocks.<\/div>\n<div><\/div>\n<div>Brent futures rose 90 cents, or 1.03%, to $87.97 a barrel, while US West Texas Intermediate (WTI) crude futures rose 91 cents to $82.16 a barrel.<\/div>\n<div><\/div>\n<div>The benchmarks were on track for \u200bweekly rises of about 4% after the prior session&#8217;s fall of more than 2%, paring \u200bgains following Brent&#8217;s six-session rally and a five-session rise for WTI.<\/div>\n<div><\/div>\n<div>&#8220;Despite the bearish \u2060crude stock data, the broader geopolitical backdrop is preventing a sharper price decline,&#8221; Susan Bell, Senior Vice \u200bPresident for oil commodity markets at Rystad Energy said in a note.<\/div>\n<div><\/div>\n<div>On Thursday US warned \u200bthat it could maintain a naval blockade of Iran indefinitely and ramp up economic pressure on Tehran as ceasefire talks have stalled.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":20970,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-42505","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Oil prices gained on Friday ","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/42505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/42505\/revisions"}],"predecessor-version":[{"id":42507,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/42505\/revisions\/42507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20970"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=42505"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=42505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}