Story perspectives

Iran War Supply Cuts Push Brent to $105, 2M-Barrel Shortfall

4/24/2026

Summary

Story summary

Analyst Natasha Kaneva says oil prices rise because Iran-war supply cuts outweigh demand.
Supply disruptions rose to 13.7 million barrels in April from 9.1 million in March.
Inventories and demand declined, inventories by 7.1 million barrels in April and demand by 4.3 million barrels per day.
Brent $105.40 and gasoline $4.048 per gallon were reported on Friday and April 23.
WTI and output stood at $90s and 14.5 million bpd, 57 % fall, leaving a 2 million-barrel shortfall.

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Story summary

Analyst Natasha Kaneva says oil prices rise because Iran-war supply cuts outweigh demand.
Supply disruptions rose to 13.7 million barrels in April from 9.1 million in March.
Inventories and demand declined, inventories by 7.1 million barrels in April and demand by 4.3 million barrels per day.
Brent $105.40 and gasoline $4.048 per gallon were reported on Friday and April 23.
WTI and output stood at $90s and 14.5 million bpd, 57 % fall, leaving a 2 million-barrel shortfall.