Oil Gains as Middle East Disruptions Persist in Oil & Companies News 27/04/2026 WTI crude futures climbed above $96 per barrel in volatile trading on Monday, as the Strait of Hormuz remained effectively closed amid stalled US–Iran peace negotiations. US President Donald Trump instructed negotiators to suspend discussions, while Iranian President Masoud Pezeshkian reiterated that Tehran would not engage in “imposed negotiations under threats or blockade.” The Iran conflict has now entered its ninth week, triggering what the IEA has described as the largest energy supply shock on record, while intensifying inflationary pressures and weighing on the global growth outlook. Meanwhile, reports indicated that Iran had submitted a new proposal to the US aimed at reopening the Strait of Hormuz and easing tensions. The proposal, reportedly conveyed via Pakistani mediators, called for extending the ceasefire to allow progress toward a lasting settlement, while postponing nuclear talks until the US blockade of the strait is lifted. Source: Trading Economics 2026-04-27 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share