Thursday, April 16, 2026
BloombergPortada

Oil Rises With Hormuz Still Shut as US, Iran Mull Longer Truce

Oil edged higher as traders weighed signs the US and Iran may extend a ceasefire against a double blockade of the Strait of Hormuz that continues to impede flows.

AL
Alex Longley, Mia Gindis, Sarah Chen, Charles Gorrivan
Newsroom · ayer
2 min read
Oil edged higher as traders weighed signs the US and Iran may extend a ceasefire against a double blockade of the Strait of Hormuz that continues to impede flows.