Brent Turns Higher as Iran War Drags On

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

Brent crude futures rose toward $110 per barrel on Friday, reversing earlier losses 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.



News Stream
Brent Turns Higher as Iran War Drags On
Brent crude futures rose toward $110 per barrel on Friday, reversing earlier losses 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.
2026-03-27
Brent Falls as Trump Extends Deadline for Iran Deal
Brent crude futures fell toward $107 per barrel on Friday, trimming gains from the previous session after President Donald Trump extended the deadline for Tehran to secure a deal or face further attacks by another 10 days. Trump also said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz this week as a “present” to the US, while Treasury Secretary Scott Bessent noted that an insurance program aimed at boosting shipping through the waterway would begin soon. However, reports indicated the Pentagon is considering sending up to 10,000 additional ground troops to the Middle East. Meanwhile, Iran confirmed it had rejected the US’ 15-point plan to end the war and submitted its own conditions, including recognition of Tehran’s authority over Hormuz. Oil prices remain up roughly 40% since the conflict began, as Tehran forced the effective closure of the narrow waterway through which about a fifth of global energy flows.
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Brent Crude Rises Amid Middle East Uncertainties
Brent crude oil futures rose more than 5% to $108 per barrel on Thursday after President Donald Trump issued a fresh warning to Iran to advance peace talks aimed at ending the conflict disrupting global energy supplies. Fighting continues across the Middle East, with Trump urging Tehran to engage seriously “before it is too late” as the White House maintains that discussions are ongoing, though Iran has rejected proposals and set its own conditions. Reports indicate Iran’s parliament is drafting a bill to charge fees for securing ships transiting the Strait of Hormuz, with vessels required to provide detailed clearance information. Trump reiterated that talks are underway and signaled hopes of ending the conflict soon, while the Pentagon has reportedly deployed additional forces to the region, highlighting ongoing tensions despite diplomatic efforts.
2026-03-26