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Oil prices hit new wartime high before easing, as few signs of breaking stalemate with Iran

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Apr 30, 2026 - 18:00
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Oil prices hit new wartime high before easing, as few signs of breaking stalemate with Iran
An Asian person covers their face in front of computer terminals, with a board behind him showing market numbers.

The price of Brent crude oil briefly surged past $126 US a barrel early Thursday as stalled U.S.-Iran talks raised doubts over the reopening of the Strait of Hormuz and a permanent end to the Iran war.

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