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Crude Oil Prices Drop Ahead of U.S.-Iran Cease-Fire Talks

4/11/2026

26 5 Full Breakdown

Summary

Story summary

Crude oil futures settled lower as U.S. and Iran prepare weekend talks on a cease-fire and reopening of the Strait of Hormuz.
Andrejka Bernatova, CEO of Dynamix Corporation III, cited market uncertainty and volatility, leaving investors sidelined.
Strait of Hormuz reopening is critical for oil supply global.
West Texas Intermediate slipped 1.3% to $96.57, down 13% for the week.
Brent crude fell 0.8% to $95.20, down 13% for the week.

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Story summary

Crude oil futures settled lower as U.S. and Iran prepare weekend talks on a cease-fire and reopening of the Strait of Hormuz.
Andrejka Bernatova, CEO of Dynamix Corporation III, cited market uncertainty and volatility, leaving investors sidelined.
Strait of Hormuz reopening is critical for oil supply global.
West Texas Intermediate slipped 1.3% to $96.57, down 13% for the week.
Brent crude fell 0.8% to $95.20, down 13% for the week.