{"id":50147,"date":"2026-04-14T04:45:22","date_gmt":"2026-04-14T04:45:22","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=50147"},"modified":"2026-04-14T04:45:22","modified_gmt":"2026-04-14T04:45:22","slug":"wti-brent-as-markets-weigh-hormuz-blockade-against-diplomacy","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=50147","title":{"rendered":"WTI, Brent as markets weigh Hormuz blockade against diplomacy"},"content":{"rendered":"


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An aerial view shows the Chevron EL Segundo refinery, one of the largest petroleum processing facilities in California, on April 8, 2026 as seen from above Manhattan Beach, California. <\/p>\n

Mario Tama | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Oil prices fell Tuesday as traders weighed a U.S. blockade of Iranian shipping and signs that Washington and Tehran could still continue peace talks.<\/p>\n

U.S. crude oil<\/a> futures for May delivery fell more than 2.24% to $96.85 per barrel as of 12:20 a.m. ET. International benchmark Brent<\/a> for June delivery was down 1.46% at $97.91 per barrel.<\/p>\n

U.S. Vice President JD Vance said Monday that the next steps in U.S.-Iran peace efforts now depend on Tehran, after returning from weekend talks that failed to produce a breakthrough. <\/p>\n

“Whether we have further conversations, whether we ultimately get to a deal, I really think the ball is in the Iranian court, because we put a lot on the table,” Vance said in a Fox News interview.<\/p>\n

He also noted that an agreement could benefit both sides if U.S. conditions, particularly on Iran’s nuclear program, were met.<\/p>\n<\/div>\n

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