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Oil rose in Asia amid rising tensions related to the Strait of Hormuz, while equities in the region advanced gained tracking Wall Street's gains on Friday.

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.
President Donald Trump on Saturday cancelled plans to send U.S. envoy Steve Witkoff and Jared Kushner to Islamabad, Pakistan for negotiations with Iran.
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.
In a war between oil exporters, those dependent on energy imports find themselves at the forefront of a global crisis.
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.
The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming.
There's optimism on Wall Street that military operations in the Persian Gulf may be winding down, but oil markets remain on edge.
The Breakwave Tanker Shipping ETF (BWET) has surged more than 600% since the beginning of the year, vastly outperforming fundamental energy trades like crude oil, which is up around 60% in the same pe
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
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