Oil Price Today (April 23): Crude oil prices cross $100 again as Iran war ceasefire talks show no progress. $120 in sight?

April 23, 2026

Oil prices are rising again. Peace talks between Iran and the United States are stalled. Trade through the Strait of Hormuz remains restricted. Iran seized two ships in the strait. The US maintains its naval blockade. Analysts predict prices could stay high. Disruptions may push Brent prices even higher. The market faces ongoing uncertainty.

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