Finance

Oil Back Above $110 as World Awaits US Response to Iran Proposal

Oil rose to a three-week high above $110 a barrel in London as traders awaited the US response to a proposal from Tehran to end the war and reopen the crucial Strait of Hormuz.

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Bloomberg
April 27, 2026·1 min read
Oil Back Above $110 as World Awaits US Response to Iran Proposal

Image: Bloomberg

Oil rose to a three-week high above $110 a barrel in London as traders awaited the US response to a proposal from Tehran to end the war and reopen the crucial Strait of Hormuz.

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Oil Back Above $110 as World Awaits US Response to Iran Proposal

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