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Oil climbs nearly 2% as US-Iran peace talks stall

Oil climbs nearly 2% as US-Iran peace talks stall

By Florence Tan SINGAPORE, April 27 (Reuters) - Oil prices extended gains on Monday, rising nearly 2% as peace talks between the U.S. and Iran stalled while shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight. 
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Factbox-Goldman Sachs lifts oil price forecasts on weaker Middle East output

Factbox-Goldman Sachs lifts oil price forecasts on weaker Middle East output

April 27 (Reuters) - Goldman Sachs has raised its forecasts for Brent and WTI crude oil prices for the fourth quarter of 2026, citing lower oil production from the Middle East. The bank estimated that Brent crude prices will average $90 per barrel, while U.S.
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Oil Prices Rise as US-Iran Peace Talks Stall, Impacting Global Supply

Oil Prices Rise as US-Iran Peace Talks Stall, Impacting Global Supply

Oil prices have surged by over 2% following the stalling of peace talks between the United States and Iran. The breakdown in negotiations has exacerbated tensions, leading to limited shipments through the Strait of Hormuz, a critical chokepoint for global oil supplies. The stalled talks come after President Trump canceled a planned diplomatic mission to Pakistan, leaving Iranian officials questioning the reliability of US intentions. The geopolitical uncertainty has led to increased oil prices, with Brent crude reaching $107.49 per barrel and US West Texas Intermediate at $96.17 per barrel.
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Dollar advances as US-Iran talks suffer setback

Dollar advances as US-Iran talks suffer setback

By Ankur Banerjee SINGAPORE, April 27 (Reuters) - The U.S. dollar started Monday's session on the front foot as dimming hopes of a deal to end the Middle East war sapped the mood, keeping the Japanese yen pinned near the crucial 160 level ahead of the Bank of Japan's policy decision later in the
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U.S. Oil Producers Hesitant to Increase Output Amid High Prices and Uncertainty

U.S. Oil Producers Hesitant to Increase Output Amid High Prices and Uncertainty

U.S. Oil Producers Hesitant to Increase Output Amid High Prices and Uncertainty
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Oil Market Faces Imminent Crisis Amid Strait of Hormuz Tensions

Oil Market Faces Imminent Crisis Amid Strait of Hormuz Tensions

Oil Market Faces Imminent Crisis Amid Strait of Hormuz Tensions
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Oil rises on concerns over escalating military tensions in the Middle East

Oil rises on concerns over escalating military tensions in the Middle East

By Sam Li and Helen Clark BEIJING, April 24 (Reuters) - Oil prices rose on Friday morning over fears of renewed military escalation in the Middle East after Iran released footage of commandos boarding a cargo ship in the Strait of Hormuz and on reports Tehran's air defences had engaged "hostile
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JPMorgan Predicts Continued Rise in Oil Prices Amid Global Supply Disruptions

JPMorgan Predicts Continued Rise in Oil Prices Amid Global Supply Disruptions

JPMorgan Predicts Continued Rise in Oil Prices Amid Global Supply Disruptions
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Oil Prices Rise Amid Middle East Tensions and Strait of Hormuz Closure

Oil Prices Rise Amid Middle East Tensions and Strait of Hormuz Closure

Oil prices have increased as tensions in the Middle East continue to affect global energy markets. The ongoing conflict has led to the closure of the Strait of Hormuz, a critical chokepoint for global oil shipments. Despite a three-week extension of the ceasefire between Israel and Lebanon, announced after a meeting at the White House, concerns over the stability of the region persist. Brent crude oil prices rose by over 1.25% to $105.38 per barrel, while U.S. West Texas Intermediate futures increased by 1.14% to $96.96 per barrel. The situation remains tense as both the U.S. and Iran have seized ships, further complicating the geopolitical landscape.
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European shares fall, set for weekly loss on Middle East worries

European shares fall, set for weekly loss on Middle East worries

April 24 (Reuters) - European shares fell on Friday and were set to end the week lower, as investors remained concerned about the lack of progress toward a resolution to the Middle East conflict, while also keeping a close watch on corporate earnings.
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Asian stocks slip, tracking Wall Street losses, and Iran war doubts push oil higher

Asian stocks slip, tracking Wall Street losses, and Iran war doubts push oil higher

Shares are mostly lower in Asia, apart from Tokyo, and oil prices have extended gains as talks on ending the war with Iran were stalled
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JPMorgan Predicts Further Rise in Oil Prices Amid Global Supply Disruptions

JPMorgan Predicts Further Rise in Oil Prices Amid Global Supply Disruptions

JPMorgan Predicts Further Rise in Oil Prices Amid Global Supply Disruptions