Oil Price Today (April 14): Crude oil drops below $100 on renewed hopes for Iran-US peace talks. What lies ahead?

April 14, 2026

Oil prices retreated below $100 after fresh signs of US-Iran dialogue despite escalating tensions and a naval blockade. Markets remain volatile as supply disruptions persist and peace prospects stay uncertain. Analysts warn prices could stay elevated, with risks of further spikes if geopolitical tensions prolong and energy flows remain constrained.

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