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Oil Prices Surge Amid U.S.-Iran Tensions, Cease-fire Expiry

4/22/2026

40 5 Full Breakdown

Summary

Oil Prices Surge

Oil prices fluctuated as U.S.-Iran tensions and a cease-fire extension influenced markets, with Brent at $95, WTI near $87, and gas at $4.02 per gallon on April 21.
On April 22, Brent rose above $100 amid Asia stock performances and uncertainty surrounding peace talks; analysts forecast Brent averaging $93 per barrel in 2026.
The temporary U.S.-Iran truce expires on April 22; Iran demands removal of port blockades before negotiations resume.

Summary

United Airlines Earnings

United Airlines reported first-quarter earnings of $1.19 per share and revenue of $14.6 billion.
It lowered its full-year profit guidance to $7–$11 per share from $12–$14.
Fuel expenses rose 12.6% to $3.04 billion.
United's shares have fallen more than 15% since February due to rising jet fuel prices.
Scott Kirby, CEO of United Airlines, saw his merger proposal with American Airlines dismissed by American Airlines and U.S. President Donald Trump.

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Oil Prices Surge

Oil prices fluctuated as U.S.-Iran tensions and a cease-fire extension influenced markets, with Brent at $95, WTI near $87, and gas at $4.02 per gallon on April 21.
On April 22, Brent rose above $100 amid Asia stock performances and uncertainty surrounding peace talks; analysts forecast Brent averaging $93 per barrel in 2026.
The temporary U.S.-Iran truce expires on April 22; Iran demands removal of port blockades before negotiations resume.

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