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    Global Market Today: Oil jumps, stocks wobble as Mideast ceasefire hangs in the balance

    Middle East tensions sent oil prices soaring and stock markets wavering as shipping through the Strait of Hormuz slowed to a crawl. Despite a fragile ceasefire, Iran's vow of retaliation after a U.S. ship seizure has heightened concerns. While traders hope for a resolution, the immediate focus remains on the critical chokepoint and its impact on global supply and inflation.

    Oil claws back losses as Strait of Hormuz is closed again

    Brent crude futures jumped $6.11, or 6.76%, to $96.49 ⁠a barrel ⁠by 2327 GMT and U.S. West Texas Intermediate was at $90.38 a barrel, up $6.53, or 7.79%.

    Oil prices well below $100 as Strait of Hormuz reopens but experts aren’t convinced just yet. Here’s why

    Global markets are breathing easier as Iran declares the Strait of Hormuz fully open, a crucial oil route, amid a potential U.S.-Iran deal. This development, coupled with a Lebanon-Israel ceasefire, has sent oil prices plummeting. While experts see a temporary reprieve, concerns linger over Iran's nuclear program and sanctions, suggesting oil prices may remain elevated.

    Traders place $760 million bet on falling oil ahead of Hormuz announcement

    Just ahead of pivotal updates concerning the Strait of Hormuz and Iran, lucrative oil trades totaling millions were executed, raising eyebrows among U.S. officials. Such timely trades have prompted a thorough investigation into several oil futures transactions made right before key policy changes, with the U.S. Commodity Futures Trading Commission now scrutinizing the details of these deals.

    Why are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British wholesale gas rates continue to decline or rise again? Analysts insights and market outlook

    Why are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British wholesale gas rates continue to decline or rise again? Oil and gas markets moved lower after ceasefire signals and possible US-Iran talks raised hopes of reduced conflict risk. Brent and WTI dropped while European gas also declined. Analysts say supply disruptions still support prices, while weather, wind power and geopolitics will guide the next move.

    Oil Price Today (April 17): Crude oil prices fall on Israel-Lebanon ceasefire, Iran war peace talks. Is the worst over?

    Oil prices dipped as Middle East tensions eased with a Lebanon-Israel ceasefire and potential US-Iran talks. President Trump indicated a deal with Iran was close, following a 10-day truce that removes a key obstacle to negotiations. Experts anticipate continued volatility but expect prices to remain supported.

    The Economic Times
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