Brent crude surges 2% as US-Iran tensions escalate after thwarted peace talks

Iran Herald · April 27, 2026 Sanctions

New Delhi [India], April 27 (ANI): Global crude oil prices climbed nearly 2% on Monday amid renewed tensions between the US and Iran, after US President Donald Trump cancelled planned peace talks in Pakistan. The benchmark ICE Brent crude futures contract rose nearly 2% to $107. 28 per barrel as of 0738 IST, while WTI Intermediate crude gained 1.