Finance

Oil Steadies as US Weighs Iran Proposal With Hormuz Still Shut

Oil held a gain 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 Steadies as US Weighs Iran Proposal With Hormuz Still Shut

Image: Bloomberg

Oil held a gain 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 Steadies as US Weighs Iran Proposal With Hormuz Still Shut

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