Crude oil prices rise to $110 amid global geopolitical uncertainty

Published at: 28/04/2026 08:27 AM

Oil prices rebounded this Tuesday to $110 per barrel, driven by the stalemate in negotiations between the United States (US) and the Islamic Republic of Iran. While the energy market reacts to the lack of agreement on the situation in the Middle East, stocks on international stock exchanges maintain a stable but cautious trend.

In the London market, Brent crude oil rose 2.7% to $111.20, reaching its highest price in the last 21 days. For its part, the US benchmark rose 2.9%, standing at 99.10 dollars, reflecting persistent upward pressure in the main energy indicators.

The increase responds to uncertainty about the reactivation of maritime traffic in the Strait of Hormuz, a key point for global supply. The absence of a framework of understanding that normalizes activities in the area, following the recent events that affected logistics in the Persian region, continues to limit the supply of crude oil worldwide.

The financial sector showed moderate movements in the face of this geopolitical scenario. According to data from Reuters, the S&P 500 index registered a slight drop of 0.1%, while the Nasdaq, with the most weight in the technological area, fell by 0.4%, evidencing the sensitivity of investors to the volatility of the energy market.

Mazo News Team