Brent oil spot price above $120 in sign that Iran ceasefire can't solve deep disruption
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Source: CNBC
Published: 2026-04-09 08:13 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, War & Conflict
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Snippet:
The spot price for cargos of Brent crude oil came in at $124.68 per barrel on Wednesday in a sign that the Iran ceasefire agreement is unlikely resolve the deep supply disruption triggered by the five-week war.
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