Oil Rises as U.S.-Iran Cease-Fire Appears Fragile -- Market Talk

Dow Jones04-09

0626 GMT - Oil prices rise after Wednesday's plunge as shipping through the Strait of Hormuz remains largely constrained and Israeli attacks on Lebanon threaten an already fragile truce. In early European trading, Brent crude for June delivery is up 2.2% to $96.86 a barrel, while WTI futures for May gain 3.3% to $97.51 a barrel after posting the biggest one-day drop since 2020. "The conditional two-week ceasefire is already showing signs of faltering," analysts at Kpler say. "The deep supply challenges in the crude oil market are far from resolved, even if there is a brief logistical window to ease pressure."(giulia.petroni@wsj.com)

(END) Dow Jones Newswires

April 09, 2026 02:27 ET (06:27 GMT)

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