Oil Rises Amid Ongoing Middle East Tensions

07:38pm, Sunday, 26'th Apr 2026
Oil rose amid ongoing Middle East tensions. The stalemate continues, Strait of Hormuz remains shut, and this should keep oil prices supported, said FOERX.com.
Supply fear is holding Brent crude oil up but demand is pushing back. This week's price action will determine if the rally has legs or starts to grind.
Goldman Sachs has raised its oil price forecasts for ​the fourth quarter ​to $90 a barrel for ⁠Brent crude and $83 for ​U.S. West Texas ​Intermediate (WTI), on lower output from the Middle E
Oil prices rose, the dollar inched higher and U.S. stock futures wobbled lower in early Asia ​trade on Monday after U.S.-Iran peace talks stalled ‌over the weekend, leaving Gulf shipping blocked.
U.S. stock-index futures dropped on Sunday as oil prices rose, ahead of a key week for Wall Street following record highs for the S&P 500 and the tech-heavy Nasdaq.
Oil prices ​rose on Monday ‌as peace talks between the ​U.S. and ​Iran stalled while ⁠shipments through ​the Strait ​of Hormuz remained limited, keeping global ​oil supplies ​tight.
As current events show us, oil prices are volatile. They can swing wildly based on politics, supply decisions, or shifts in global demand.
The past trading week saw oil prices rise by over 11%, as diplomatic efforts to bring peace to the Middle East continue to falter. Therefore, another price spike may well be on the horizon.
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U.S.-U.K. tariff risk and the Persian Gulf oil shock are driving volatility across GBP/USD, EUR/GBP, the FTSE 100, U.S. stocks, bonds, and commodities as Fed liquidity continues to support risk assets
Two of the world's largest oilfield-services companies just said what pretty much no one in America wants to hear.
The Trump administration said on Friday it imposed sanctions on an ‌independent "teapot" refinery in China for buying billions of dollars' worth of Iranian oil as Washington and Tehran struggle to r
Even if the strait opened tomorrow, the hit to the global economy would be long lasting.
The oil markets continue to see a lot of questions asked, as we are trying to determine where the situation in the Middle East is heading. At this point, the only certainty is uncertainty.
JPMorgan says oil prices are not reflecting reality, and demand destruction and higher U.S. pump prices are inevitable.
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