Oil price hits highest since 2022
Newshour
BBC
4.2 • 1.1K Ratings
🗓️ 30 April 2026
⏱️ 44 minutes
🧾️ Download transcript
Summary
Following reports that President Trump is to be briefed on new plans for further strikes on Iran, Brent crude reached more than $126 a barrel.
Also in the programme, an Australian inquiry has said a Jewish group warned of a 'terrorist attack' before last year's antisemitic mass shooting at Bondi Beach, and how barbaric were the Barbarians?
(Photo: A display shows fuel prices in euro at a petrol station in Berlin, Germany, 30 April 2026. Credit: Filip Singer/EPA-EFE)
Transcript
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| 0:00.0 | BBC Sounds, Music, radio, podcasts. |
| 0:09.2 | Hello and welcome to NewsHour. |
| 0:11.1 | It's coming to you live from the BBC World Service studios in central London. |
| 0:15.1 | I'm Tim Franks. |
| 0:16.6 | We're beginning with the soaring price of oil. |
| 0:18.9 | At one point today, Brent, crude hit more than $126 a barrel, |
| 0:25.4 | a level not seen for four years after Russia's full-scale invasion of Ukraine. |
| 0:30.5 | And yet, you might be wondering how come, after all, aren't open hostilities |
| 0:35.0 | between the US and Iran currently on hold? |
| 0:38.6 | And isn't it also the case that nothing much has changed when it comes to the blockade by both Iran and the US |
| 0:43.2 | of that critical waterway, the Strait of Hormuz. |
| 0:46.7 | Well, both those things are true, but so it is also true that the markets do not just react to events. |
| 0:55.6 | They react to news and rumours and hints. |
| 0:58.3 | And the latest hint, at least according to a report on the Actus News website, |
| 1:03.2 | is that the US military is about to brief President Trump |
| 1:07.4 | on a set of plans for a new wave of strikes on Iran, which in turn has prompted |
| 1:12.2 | warnings of a ferocious backlash from the Iranian Revolutionary Guards. |
| 1:16.5 | The oil price is volatile. The trend, though, is sharply up over time, and that is feeding |
| 1:24.6 | through into prices around the world, places such as the Philippines in Southeast Asia, |
| 1:30.3 | where Danilo Arau is a journalist. |
| 1:33.9 | Well, the immediate effect is that our public transportation |
| 1:37.2 | has been severely compromised. |
... |
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