Brent Rises for 2nd Session

2026-03-27 07:12 By Jam Kaimo Samonte 1 min. read

Brent crude futures rose toward $111 per barrel on Friday, near the highest since June 2022, amid skepticism that the US and Iran could reach a deal to end the war soon.

Reports indicate the Pentagon is considering sending up to 10,000 additional ground troops to the Middle East, while Iran is said to be mobilizing over 1 million troops in response.

Meanwhile, President Donald Trump extended the deadline for a planned strike on Iranian energy infrastructure to April 6 to allow for negotiations, saying talks with Tehran were going “very well.” Trump also noted that Iran had allowed 10 oil tankers to pass through the Strait of Hormuz this week as a gesture of goodwill, while Treasury Secretary Scott Bessent said an insurance program to support shipping through the waterway would begin soon.

Brent prices remain up roughly 50% since the conflict began, as Tehran effectively closed the narrow waterway through which about a fifth of global energy flows.



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