JOURNAL ARTICLE

Oil Swings Before Weekend Talks After Attacks Hit Saudi Capacity.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Longley, Alex; Neo, Rong Wei 3 of 3

Abstract

The article focuses on the recent volatility in oil markets amid ongoing geopolitical tensions involving Iran, the US, and Saudi Arabia. Ahead of planned talks between US Vice President JD Vance and Iranian officials, oil prices have declined sharply, with Brent crude trading near $96 a barrel after significant weekly losses. Disruptions to oil flows through the Strait of Hormuz and Saudi Arabia’s East-West pipeline, caused by attacks and near-standstill traffic, have contributed to supply shocks, prompting countries like Japan, China, and India to tap strategic reserves. US President Donald Trump expressed cautious optimism about a potential deal with Iran, while Iran’s new supreme leader indicated intentions to assert greater control over the Strait of Hormuz. The article also notes that the sustainability of the recent ceasefire and the resumption of oil flows remain uncertain. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Environmental Sciences
  • Publication Date:2026
  • Accession Number:192931408
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