Oil climbs nearly 2% as US-Iran peace talks stall
- Posted on April 27, 2026
- By Business News Today
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- 1 min read
Oil climbs nearly 2% as US-Iran peace talks stall
Oil prices surged nearly 2% as stalled U.S.-Iran peace talks and limited Strait of Hormuz shipments tightened global supplies. Brent crude reached $107.49 a barrel, its highest since April 7. Goldman Sachs raised its fourth-quarter oil price forecasts, citing reduced Middle East output and significant economic risks.
