US-Iran Peace Talks Deadlock, Oil Prices Surge, US Stock Futures Fall

Key News on US-Iran War

(Central News Agency, Singapore, April 27, comprehensive foreign report) As US-Iran peace talks remain stalled, leading to extended disruptions in Middle Eastern energy exports, markets and policymakers are uneasy ahead of a week packed with central bank meetings. Today, oil prices rose, while US stock index futures fell.

Reuters reported that Brent crude futures rose over 2% in early Asian trading, hitting a three-week high of $107.97 per barrel, further exacerbating inflation fears and prompting traders to almost completely rule out interest rate cuts this year.

The S&P 500 index futures dipped slightly by 0.3%, showing a minor pullback. This comes after the spot market had just hit an all-time closing high on the 24th, driven by strong investor pursuit of artificial intelligence (AI) concept stocks.

Although the war triggered two months ago by US-Israeli attacks on Iran has largely been halted by a ceasefire agreement, the market remains focused on the closed Strait of Hormuz. This globally critical oil transport chokepoint is the primary cause of surging energy prices.

Goldman Sachs analysts significantly raised their year-end oil price forecast, increasing Brent crude from $80 to $90 per barrel, provided that Persian Gulf energy exports return to normal by the end of June.

Analysts stated in their report: "If inventories fall to critically low levels, prices could experience a non-linear surge, a situation that has not occurred in decades." (Compiled by Chen Yu-ting) 1150427

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