Finance

Global oil prices top $100 a barrel again after U.S.-Iran peace talks canceled — but Tehran offers deal to reopen Strait of Hormuz

Oil futures were climbing on Monday after President Donald Trump canceled his U.S. envoy’s trip to Islamabad for peace talks with Iran over the weekend.

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MarketWatch
April 27, 2026·1 min read
Global oil prices top $100 a barrel again after U.S.-Iran peace talks canceled — but Tehran offers deal to reopen Strait of Hormuz

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Oil futures were climbing on Monday after President Donald Trump canceled his U.S. envoy’s trip to Islamabad for peace talks with Iran over the weekend.

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Global oil prices top $100 a barrel again after U.S.-Iran peace talks canceled — but Tehran offers deal to reopen Strait of Hormuz

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