Oil jumps as Iran-US talks stall, Hormuz flows constrained

Middle East Eye · April 27, 2026 Sanctions

Oil jumps as Iran-US talks stall, Hormuz flows constrained Oil prices rose sharply as stalled negotiations between the United States and Iran and limited transit through the Strait of Hormuz tightened global supply. Brent crude climbed to about $107. 55 a barrel, while US West Texas Intermediate rose to around $96.