Oil Price Today (April 28): Crude oil approaches $110 amid little signs of Iran war peace talks. Will prices touch $150?

April 28, 2026

Oil prices surged Tuesday as hopes for a U.S.-Iran war resolution dimmed, keeping the vital Strait of Hormuz largely closed and impacting global energy supplies. Analysts predict continued price hikes, with some forecasting Brent crude could reach $150 per barrel if disruptions persist, underscoring significant economic risks.

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