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Oil Prices Rise on Stalled Talks

Oil prices rose on stalled US Iran peace talks and tightening fuel markets, logging strong monthly gains. Brent crude settled higher while US stockpiles fell.

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Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra, as it prepares to load crude oil, April 24, 2026. REUTERS/Mohammed Aty

Brent Crude Oil rose 0.9% to settle at $103.50 a barrel on Wednesday amid stalled peace talks involving the United States and Iran. The benchmark notched a monthly gain of 14%, its biggest since July. Markets faced further pressure from tightening domestic fuel inventories.
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