Oil rises as Iran war worries keep markets on edge as Strait of Hormuz stays shut
- Posted on April 24, 2026
- By CNBC
- 0 Views
- 1 min read
In brief
Global oil markets maintain upward momentum amid escalating geopolitical tensions in the Middle East. Despite a temporary ceasefire extension between Israel and Lebanon, crude prices remain elevated due to persistent concerns about potential Iranian involvement and continued closure of critical shipping routes. Market participants remain vigilant, pricing in the risk of supply disruptions that could significantly impact energy supplies and inflationary pressures worldwide.
Oil rises as Iran war worries keep markets on edge as Strait of Hormuz stays shut
Oil prices rose as investors stayed cautious despite a three-week extension of the Israel-Lebanon ceasefire.
