Crude oil price continued rising on Friday amid President Donald Trump's statement that he authorized the U.S. military to "shoot and kill" Iranian boats laying mines in the Strait of Hormuz.
Brent crude traded above $107 per barrel, increasing by 1.92 percent, while the US-traded WTI rose above $97.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.