Brent Oil Price Approaches $100 Amid Uncertain U.S.-Iran Talks and Blocked Hormuz Strait
Brent crude oil prices approached $100 per barrel as tanker traffic through the Hormuz Strait remained restricted. U.S. President Donald Trump indicated that talks with Iran may occur over the weekend, though no official date has been set. The two-week ceasefire between the U.S. and Iran is set to expire on April 21.
Topics: ceasefire geopolitical tensions Hormuz Strait oil prices U.S.-Iran negotiations