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World / Asia

Oil prices edge lower amid regional tensions

Published: 23 Apr 2026 - 09:10 am | Last Updated: 23 Apr 2026 - 09:18 am
File / Photo

File / Photo

QNA

Singapore: Oil prices were marginally lower on Thursday, April 23, 2026, after big gains in the previous session amid the stalled peace talks between Iran and the United States, and the disruption of trade through the Strait of Hormuz.

Brent crude futures fell 15 cents to $101.76 a barrel, after settling above $100 for the first time in more than two weeks on Wednesday.

West Texas Intermediate futures fell 14 cents to $92.82 a barrel.

Both benchmarks closed more than $3 higher on Wednesday after larger-than-expected gasoline and distillate stock draws in the US.