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France 24

FRANCE 24

Oil prices stabilise after renewed US-Iran strikes rock peace hopes

Donald Trump United States Oil Iran Strait of Hormuz FRANCE 24

File photo: A tanker carrying crude oil that transited through the Strait of Hormuz is seen docked at an offloading terminal along the coast in Mumbai on April 30, 2026 — File photo: A tanker carrying crude oil that transited through the Strait of Hormuz is seen docked at an offloading terminal along the coast in Mumbai on April 30, 2026. © Punit Paranjpe, AFP

Oil prices fell on Thursday after a surge the previous day triggered by US President Donald Trump's declaration that the ceasefire with Iran was "over" following the country's renewed attacks on ships in the Strait of Hormuz. Trump later said that he expected the latest military flare-up to end quickly and left the door open to more talks.

Oil prices dipped Thursday after the previous day's surge as US President Donald Trump said the US ceasefire with Iran was over and ordered fresh strikes against the country following attacks on ships in the Strait of Hormuz.

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