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Oil Prices Surge Again as Iran Talks Stall and Hormuz Bottleneck Tightens
Economy
Published on 27 April 2026
Analysts warn the Strait of Hormuz could push prices far higher
Global oil prices jumped nearly 2% after U.S.-Iran peace talks faltered, raising fresh fears of tight supply. With shipments through the Strait of Hormuz still restricted, analysts say disruptions could drive crude toward $150 per barrel. Goldman Sachs has also lifted its fourth-quarter outlook, signaling higher costs may persist.
- Oil rose nearly 2% as U.S.-Iran talks lost momentum
- Hormuz shipment restrictions keep supply fears elevated
- Analysts flag a possible jump toward $150 per barrel
- Goldman Sachs revised higher fourth-quarter forecasts
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times