Global oil markets surge as Hormuz tensions deepen ahead of ceasefire deadline
Global oil markets have surged as tensions in the Strait of Hormuz intensify ahead of the April 22 ceasefire deadline, raising concerns over supply disruptions and potential military escalation. Brent crude rose more than 7% in early trading to around $95–$96 per barrel, while U.S. West Texas Intermediate climbed nearly 8% to about $90, reflecting […] ظهرت المقالة Global oil markets surge as Hormuz tensions deepen ahead of ceasefire deadline أولاً على African Percentions.
Black News 
Global oil markets have surged as tensions in the Strait of Hormuz intensify ahead of the April 22 ceasefire deadline, raising concerns over supply disruptions and potential military escalation.
Brent crude rose more than 7% in early trading to around $95–$96 per barrel, while U.S. West Texas Intermediate climbed nearly 8% to about $90, reflecting a shift toward heightened market caution.
Analysts warn that the return of a war risk premium could push prices significantly higher if restrictions in the strait persist in the coming days.
Shipping activity has dropped sharply, with only a limited number of vessels transiting compared to normal levels, highlighting the scale of disruption to global supply chains.
At the same time, the United States continues to enforce a naval blockade on Iranian ports, while additional maritime incidents have further heightened tensions.
Iran is facing mounting economic losses due to reduced oil exports, with concerns about potential operational damage to energy infrastructure if restrictions continue.
Security risks in the region remain elevated, with navigation through the strait increasingly seen as unsafe amid ongoing military activity.
Diplomatic efforts to ease tensions appear stalled, with continued disagreements between Washington and Tehran over negotiation conditions and maritime restrictions.
The United States has warned of possible military action if no agreement is reached before the deadline, adding to uncertainty in global markets.
Although some global equity indices have shown modest gains, analysts caution that markets remain highly sensitive to developments in the Gulf.
With the ceasefire approaching expiration, the coming days are expected to be decisive for both market direction and regional stability.
ظهرت المقالة Global oil markets surge as Hormuz tensions deepen ahead of ceasefire deadline أولاً على African Percentions.
