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Oil surges as Hormuz stays blocked and US Iran talks stall—what happens next
International
Published on 27 April 2026
Peace talks stalled, and shipping risk spikes again
Oil prices climbed and the dollar ticked up while US stock futures slipped in early Asia trade after US Iran peace talks stalled over the weekend. With Gulf shipping blocked, markets priced in renewed risk around the Strait of Hormuz, sending jitters through energy and broader risk sentiment. Traders are now watching for any fresh diplomatic signal.
- US Iran peace talks reportedly stalled over the weekend
- Blocked Gulf shipping is keeping risk premiums elevated
- Oil rose while the dollar edged higher
- US stock futures wobbled lower in early trading
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times