Oil prices rise again with little sign of war on Iran ending

Author: Al Jazeera StaffPublished on: May 1, 2026Country: Iran
PoliticsBusiness & Economy
Oil prices rise again with little sign of war on Iran ending

Oil prices are rising as efforts to resolve the Iran war remain stalled. Brent crude reached $111.29 a barrel, up 89 cents, and is poised for a 5.7% gain over the week. A Pakistan-brokered ceasefire has been in place since April 8, but Iran stated that expecting quick results is unrealistic.

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