Oil Prices Rise as U.S.-Iran Talks Remain Uncertain
Crude prices extended gains on Monday as stalled negotiations between Washington and Tehran left the status of the Strait of Hormuz unresolved. Brent futures rose to $107.75 per barrel, climbing $3.43 or 3.29 percent by 0540 GMT, while U.S. West Texas Intermediate crude increased $2.14 to reach $94.55 per barrel. The ongoing diplomatic deadlock and security risks in the Middle East stoked persistent worries regarding global energy supply disruptions. Meanwhile, recovering Gulf exports and U.S. naval escorts helped limit larger price spikes by pushing crude flows closer to prewar levels.
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- ✓ Brent futures gained $3.43, or 3.29%, to reach $107.75 per barrel at 0540 GMT.
- ✓ US West Texas Intermediate crude rose $2.14, or 2.32%, to $94.55.
- ✓ Crude exports through the Strait of Hormuz neared prewar levels at approximately 13.5 million barrels per day due to US naval escorts and expanded Gulf pipelines.
- ✓ Oil prices rose for a second consecutive session amid ongoing Middle East supply concerns.
What changed
Oil prices extended their upward momentum for a second consecutive session as diplomatic talks between the United States and Iran deadlocked over ceasefire and shipping conditions.
Live updates
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Oil Prices Climb as U.S.-Iran Talks Stall and Hormuz Reopening Fails
Crude prices extended gains on Monday as stalled negotiations between Washington and Tehran left the status of the Strait of Hormuz unresolved. Brent futures rose to $107.75 per barrel, climbing $3.43 or 3.29 percent by 0540 GMT, while U.S. West Texas Intermediate crude increased $2.14 to reach $94.55 per barrel. The ongoing diplomatic deadlock and security risks in the Middle East stoked persistent worries regarding global energy supply disruptions. Meanwhile, recovering Gulf exports and U.S. naval escorts helped limit larger price spikes by pushing crude flows closer to prewar levels.
Why it matters
The standoff centers on ceasefire terms and the critical maritime chokepoint of the Strait of Hormuz, where shipping delays and regional conflict have threatened international petroleum shipments. Previous efforts to secure a peace deal faced rejection, keeping the energy market sensitive to geopolitical developments. Although pipeline reroutes and military escorts have managed to push regional exports toward prewar volumes, lingering security risks continue to drive market volatility.
What is confirmed
- Brent futures gained $3.43, or 3.29%, to reach $107.75 per barrel at 0540 GMT.
- US West Texas Intermediate crude rose $2.14, or 2.32%, to $94.55.
- Crude exports through the Strait of Hormuz neared prewar levels at approximately 13.5 million barrels per day due to US naval escorts and expanded Gulf pipelines.
- Oil prices rose for a second consecutive session amid ongoing Middle East supply concerns.
Still unconfirmed
- Houthi attacks continue to threaten Middle East oil supply.
What to watch next
- Developments in U.S.-Iran ceasefire negotiations
- Changes in shipping volumes through the Strait of Hormuz
- Further updates on regional pipeline capacity and naval escort operations
confidence 95%Sources used for this update (13)
- news.az — Oil prices jump as Hormuz reopening remains uncertain | News.az
- www.outlookindia.com — Oil Prices Rise After Trump Rejects Iran Peace Deal, Hormuz Supply Risks Grow | Outlook India
- www.straitstimes.com — Oil extends rally as US-Iran deadlock keeps Hormuz shut
- Al Jazeera — Oil prices surge after Trump rejects Iran’s plan to reopen Strait of Hormuz
- www.timesnownews.com — Oil on the Boil: Brent Nears $108 As Iran-US Talks Stall, Hormuz Reopening Uncertain | Times Now
- Reuters — Oil prices rise for second session on continued Middle East supply concern
- WSJ — Oil Rises Amid Deadlock in U.S.-Iran Ceasefire Talks
- wsj.com — Oil Prices Rise as U.S.-Iran Talks Remain Uncertain
- The Conversation — Why fuel prices may go higher still
- www.hindustantimes.com — Oil rises as Iran-US remain divided on ceasefire terms, keeping Strait of Hormuz reopening uncertain | Wo....
- gulfnews.com — US-Iran war: What UAE residents need to know tonight (Sep 28, 2026) as Hormuz shipping stalls and oil pri....
- www.briefs.co — Hormuz Exports Near Prewar Levels After U.S. Escorts and Pipeline Reroutes
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