Nigeria, April 30 -- At almost four-year highs, Brent crude surged beyond 126 dollars a barrel while West Texas Intermediate also saw robust increases mirroring growing market worry. The surge comes on the heels of news that Washington is considering military options as talks with Tehran have stalled.



The Strait of Hormuz, a crucial passageway responsible for a sizable portion of world oil shipments, is at the middle of the conflict. Continuing restrictions in the region have tightened supply and driven prices higher.



Traders are reacting not just to current problems but also to the possibility of prolonged instability, which might further limit global energy flows in the coming weeks, as The News Chronicle reports.



Recent ev...