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The Business Standard

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April 29, 2026

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WEDNESDAY, APRIL 29, 2026

Brent crude

Brent crude

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. Photo: REUTERS

Oil rises 1% as US-Iran peace talks stall

Brent crude futures rose $1.35, or 1.3%, to $106.68 a barrel by 0453 GMT, retreating from early session gains of over $2 a barrel. US West Texas Intermediate was at $95.35 a barrel, up 95 cents, or 1%

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. Photo: REUTERS

Oil rises 5% on renewed US-Iran tension

Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken, June 6, 2023. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

Oil prices fall as US-Iran dialogue hopes ease supply concerns

Representational image. Photo: Reuters

Oil jumps nearly 8% to above $102 ahead of US blockade on Iran

General view of Khurais NGL recovery plant in the eastern province of Saudi Arabia, June 28, 2021. Picture taken June 28, 2021. Photo: REUTERS/Mohammed Benmansour./File Photo

Saudi Arabia restores full capacity on East-West oil pipeline to 7m bpd after attacks

Representational image. Photo: Collected

Oil falls, stocks rise after US-Iran ceasefire reopens Strait of Hormuz

President Donald Trump arrives from the Blue Room to speak about the Iran war from the Cross Hall of the White House on Wednesday, April 1, 2026, in Washington. Photo: Alex Brandon/Pool via REUTERS

Hopes dim for swift end to Iran war after Trump speech, oil prices surge anew

The Druzhba oil pipeline between Hungary and Russia is seen at the Hungarian MOL Group's Danube Refinery in Szazhalombatta, Hungary, May 18, 2022. Photo: REUTERS/Bernadett Szabo/File Photo

At least 40% of Russia's oil export capacity halted, Reuters calculations show

A tanker sails in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Photo: REUTERS/Stringer/File Photo

Oil jumps over 4% after Trump says US to keep up attacks on Iran

People queue to buy petrol at a petrol station after Vietnam's trade ministry called on local businesses to encourage their employees to work from home to save fuel amid disruptions in supply and price surges triggered by the US-Israeli conflict with Iran, in Hanoi, Vietnam, March 10, 2026. Picture taken with a mobile phone. Photo: REUTERS/Khanh Vu

Asia barters for scarce energy as Iran crisis throttles supplies

Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken, June 6, 2023. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

Brent heads for record monthly jump as Houthi attacks widen Gulf conflict

A map showing the Strait of Hormuz and Iran is seen behind a 3D printed oil pipeline in this illustration taken June 22, 2025. Photo: REUTERS/Dado Ruvic/Illustration//File Photo

Global markets rattle as Hormuz disruption drives oil above $115

Motorcyclists and car drivers wait in a long queue for fuel in front of the Trust oil pump in Tejgaon, as shortages leave customers standing for hours amid limited daily supply from companies. Photo Mehedi Hasan

Global energy storm: Let’s hope for the best, prepare for the worst

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