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Oil prices ease after gains as Iran–US tensions persist

Apr 23, 2026, 02:48 GMT+1

Oil prices edged lower on Thursday after strong gains in the previous session, as stalled peace talks between Iran and the United States and continued restrictions on shipping through the Strait of Hormuz kept markets on edge, Reuters reported.

Brent crude futures fell 15 cents to $101.76 a barrel after closing above $100 for the first time in more than two weeks on Wednesday. U.S. West Texas Intermediate (WTI) crude fell 14 cents to $92.82.

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