Brent Crude Prices Surge Amid US-Iran Ceasefire Concerns

Apr 14, 2026

56 min

Apr 14, 2026 00:31

Oil whiplash: Brent crude surges, WTI falls — traders price in ceasefire deadline risk ahead of possible 'second' US–Iran talks

## Diverging Oil Prices

On April 14, 2026, oil prices showed a notable split as Brent crude surged to $110.3 per barrel, while WTI crude saw a decline. This divergence highlights differing regional and global risk sentiments, particularly in light of ongoing Middle East tensions.

## Ceasefire and Negotiations

The US and Iran had agreed to a two-week ceasefire starting April 8, 2026, contingent on the opening of the Strait of Hormuz. However, negotiations in Islamabad failed to extend the ceasefire, leading to a US naval blockade of Iranian ports and the Strait of Hormuz on April 13, 2026.

## Market Reactions

The market's response has been mixed. WTI crude prices fell as investors hoped for renewed US-Iran talks to extend the ceasefire. In contrast, Brent crude prices rose due to fears of supply disruptions from the Middle East, where the Strait of Hormuz is a critical passage for global oil trade.

## Geopolitical Impact

The energy market's current volatility is driven more by geopolitical developments than by changes in fundamental demand. The situation underscores the impact of diplomatic and military actions on global oil prices.

Read the full story at the source

What you need to know to get Emirates ID?

Leave your details and get a guide as a gift to avoid mistakes

Article contents