Crude oil prices surged nearly 2.5% on Monday as the peace talks between the US and Iran stalled, and the Strait of Hormuz remained effectively shut. Meanwhile, Goldman Sachs has raised its target for Brent and WTI crude for the fourth quarter.
Crude oil prices rise 2.5% on US-Iran peace talks uncertainty; Goldman Sachs raises Brent Q4 forecast to $90
April 27, 2026 · 11:10 am IST
Source: LiveMint
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Key Takeaways
- Crude oil prices surged nearly 2.5% on Monday as the peace talks between the US and Iran stalled, and the Strait of Hormuz remained effectively shut.
- Meanwhile, Goldman Sachs has raised its target for Brent and WTI crude for the fourth quarter.
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Originally reported by LiveMint.
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IPO Cracker Take
Commodity price movements influence consumer-sector sentiment and broader market appetite — a signal worth watching for upcoming commodity-linked and jewellery IPOs in the pipeline.
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