Oil prices rise as concerns grow over 'fragile' US-Iran ceasefire

Author: bbc.comPublished on: April 9, 2026Country: United States
Business & Economy
Oil prices rise as concerns grow over 'fragile' US-Iran ceasefire

Global oil prices have risen due to concerns over the stability of a fragile US-Iran ceasefire following Israeli strikes on Lebanon. Iran warned of a 'regret-inducing response' if the attacks continue, while US President Donald Trump stated that US forces would remain in the region until Iran complies with the ceasefire agreement. Brent crude rose 2% to $96.53 a barrel, and West Texas Intermediate increased by 2.8% to $97.02.

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