Crude oil prices extend rise to 7th day; Brent near $110 as US-Iran peace talks stall. What’s next?
US-Iran war: Oil prices continued to rise on Tuesday, 28 April, as prospects of a resolution to the US-Iran war remained uncertain, while the vital Strait of Hormuz stayed largely closed, restricting energy supplies from the key Middle East region to global markets.
Brent crude futures for June increased by 45 cents, or 0.4%, to $108.68 per barrel, after surging 2.8% in the previous session to their highest close since April 7. The benchmark has now advanced for seven straight sessions.
