US-Iran Stalemate Drives Up International Oil Prices
International oil prices rose as US-Iran talks hit a stalemate and concerns grew over supply disruptions in the Strait of Hormuz. WTI crude futures increased by 2.1% to $96.37 per barrel, while Brent crude rose 2.8% to $108.23.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 06:59
- 🔍 Collected: April 28, 2026 at 07:31 (31 min after Published)
- 🤖 AI Analyzed: April 28, 2026 at 09:05 (1h 33m after Collected)
The White House has confirmed that President Trump convened his national security team to discuss an Iranian proposal, but details of the proposal and the US response remain unknown. Due to the lack of progress in restarting peace talks, passage through the Strait of Hormuz has nearly come to a standstill, and disruptions to oil supplies continue. On the New York Mercantile Exchange, West Texas Intermediate (WTI) crude oil futures for June delivery rose 2.1% to $96.37 per barrel. In the London market, North Sea Brent crude oil futures for June delivery rose 2.8% to $108.23.