March 27, 2026, 10:19March 27, 2026, 10:19
Oil prices continued to rise on Friday despite US President Donald Trump extending an ultimatum to Iran. In early trading, a barrel of North Sea Brent crude oil (159 liters) costs $109.46. That’s 1.4 percent more than the evening before.
The announcement that no attacks on Iranian power plants will be carried out until Easter Monday has not yet had a major impact on price developments on the oil market. Trump had also announced that there were “very good” talks with Iran.
Iran, which was attacked by the USA and Israel, had repeatedly radioed ships in the Strait of Hormuz since the beginning of the war not to pass through. Since then, Tehran has repeatedly attacked ships in the region – with serious consequences for global trade in gas and oil. At times the price of crude oil from the North Sea rose to almost $120.
Trump’s latest statements “take some of the tension away from the market in the short term,” commented Ewa Manthey, raw materials strategist at ING Bank. However, according to their estimates, around 8 million barrels per day of production have already been lost and a significantly larger volume of oil flows through the Persian Gulf remains at risk. As a result of the latest developments, concerns in the market “are unlikely to decrease significantly,” said the expert. (dab/sda/awp/dpa)