Finance

Oil Climbs as US Weighs Iran Proposal With Hormuz Still Shut

Oil edged higher as traders weighed the next steps toward peace talks over the Iran war, with the US discussing a proposal from Tehran while the crucial Strait of Hormuz remained almost impassable.

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Bloomberg
April 27, 2026·1 min read
Oil Climbs as US Weighs Iran Proposal With Hormuz Still Shut

Image: Bloomberg

Oil edged higher as traders weighed the next steps toward peace talks over the Iran war, with the US discussing a proposal from Tehran while the crucial Strait of Hormuz remained almost impassable.

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Oil Climbs as US Weighs Iran Proposal With Hormuz Still Shut

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