diplomacyApr 16, 2026

Brent Crude Holds Below $95 On Ceasefire Extension Hopes Between US, Iran

Summary

- Global oil prices steadied on hopes of a US-Iran ceasefire extension for talks - Brent crude stayed below $95 a barrel; WTI hovered near $91 with little change - Strait of Hormuz remains largely closed, disrupting global oil supply chains Global oil prices steadied on cautious optimism that the United States and…

Source: Yukta Baid — Read the full report

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USIranRussia

Sources

Yukta BaidBy Yukta Baid
- Global oil prices steadied on hopes of a US-Iran ceasefire extension for talks - Brent crude stayed below $95 a barrel; WTI hovered near $91 with little change - Strait of Hormuz remains largely closed, disrupting global oil supply chains Global oil prices steadied on cautious …

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