empty
 
 

2026.04.0215:14:54UTC+00WTI Near $109 as Iran-Oman Talks Offer Cautious Hope

WTI crude futures pared earlier gains to trade near $108.8 per barrel on Thursday, after surging more than 13% intraday and holding close to their highest levels since June 2022. Prices eased slightly following reports that Iran is working with Oman on a protocol to monitor traffic through the Strait of Hormuz, prompting cautious optimism over tighter oversight of the vital shipping lane.

However, the market remains underpinned by escalating geopolitical tensions. President Donald Trump warned that the conflict with Iran could drag on for weeks and vowed to intensify US strikes, amplifying concerns over prolonged supply disruptions. His comments offered no clear roadmap for reopening the strait, sustaining uncertainty about future flows.

At the same time, the UK is hosting talks with dozens of countries on measures to secure the route, while OPEC+ is weighing a possible increase in output. Yet any additional barrels from the alliance are unlikely to reach the market quickly enough to ease near-term supply concerns.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback