US EditionGlobal stocks steady; oil climbs on stalled peace talks
- Benchmark Brent crude futures rose nearly 3% to over $108.5 a barrel on Monday as stalled U.S.-Iran peace talks kept the Strait of Hormuz effectively blocked, limiting global energy shipments.
- President Donald Trump halted negotiations by canceling a diplomatic trip to Pakistan, telling reporters on Sunday: "If they want, we can talk but we're not sending people."
- Daily, 10-13 million barrels of oil fail to reach international markets due to the standoff, PVM Oil Associates analyst Tamas Varga warned, worsening an already tight supply balance.
- Surging energy costs stoked inflation worries, prompting traders to price out expected rate cuts in developed markets this year, while equity investors shifted focus toward the tech sector.
- Seeking support from President Vladimir Putin, Iranian Foreign Minister Abbas Araqchi traveled to Russia on Monday as the blockade continues despite Iranian de-escalation proposals.
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Crude extends gains on Iran talks, stocks diverge on central bank meetings
Oil prices jumped Tuesday on lack of progress towards re-opening the Strait of Hormuz while stocks diverged as attention turned back to the outlook for interest rates and company earnings.
Stagnant peace negotiations... International oil prices rise 2.8%, New York stock market in wait-and-see mode. Attention focuses on successive earnings announcements from Big Tech companies. Fed expected to keep interest rates unchanged on the 29th. As the U.S. and Iran fail to sit at the peace negotiation table, the New York stock market showed a wait-and-see attitude. The Strait of Hormuz remains closed.
Stock Rally Falters Near Record High as Oil Climbs: Markets Wrap
(Bloomberg) -- A record-breaking rally in stocks took a breather as oil climbed after efforts to resume peace talks over the Iran war stalled, with traders bracing for a raft of megacap earnings and central bank decisions.
Oil Prices Rise as Stalled Iran Talks Stoke Supply Fears
Oil prices climbed sharply on April 27 as stalled U.S.–Iran peace efforts and continued disruptions in the Strait of Hormuz heightened concerns about prolonged supply shortages. Brent crude rose by $3, or about 2.9 percent, to $108.36 per barrel, reaching its highest level in three weeks, while U.S. West Texas Intermediate (WTI) gained $2.45, or 2.6 percent, to $96.85 per barrel. The gains followed steep advances last week, when Brent rose by ne…
Oil Prices Surge Amid Stalled U.S.-Iran Talks, Tech Stocks in the Spotlight
Oil prices rose as stalled U.S.-Iran peace talks stoked fears of Middle East export disruptions. Brent crude futures hit a three-week high, prompting inflation concerns. Meanwhile, tech stocks held steady ahead of key earnings reports, drawing focus to AI trends and central bank decisions influencing market moves.
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