Oil Prices Rise Over 2% Amid U.S.-Iran Talks Stalemate and Hormuz Strait Constraints

Gate News message, April 26 — Global crude oil prices climbed on April 27 as U.S.-Iran peace negotiations stalled and shipping constraints persisted in the Strait of Hormuz, tightening global crude supply. Brent crude futures rose $2.22, or 2.11%, to $107.55 per barrel, while West Texas Intermediate (WTI) crude climbed $2.02, or 2.14%, to $96.42 per barrel.

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