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Oil prices rebound by 3% as Middle East ceasefire talks face uncertainty

Oil prices rebound by 3% as Middle East ceasefire talks face uncertainty

汇通财经汇通财经2026/03/26 07:24
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1. On Thursday, oil prices rose by more than 2%, with Brent crude futures once up 2.5% to $104.91, and WTI crude once up 3% to $93.17. The Iranian Foreign Minister stated that there is no intention to negotiate, and the White House threatened to take stronger measures if Tehran does not admit to being "militarily defeated," causing market optimism for a ceasefire to subside.2. Economists from the NLI Institute pointed out that Washington has set a high threshold, making oil prices susceptible to further fluctuations due to negotiation developments and military actions. Japanese Prime Minister Sanae Takaichi requested the IEA to coordinate the release of more oil reserves to address the risks of prolonged conflict.3. Supply-side tensions persist: at least 40% of Russia's oil export capacity has been suspended due to drone attacks and the seizure of oil tankers; Iraq's oil production has dropped sharply, with storage tanks reaching critical levels. Last week, U.S. crude inventories increased by 6.9 million barrels to 456.2 million barrels, hitting a new high since June 2024, but this does not fully offset supply concerns.
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