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Global oil prices top $100 a barrel again after U.S.-Iran peace talks canceled — but Tehran offers deal to reopen Strait of Hormuz

April 27, 2026
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Global oil prices top $100 a barrel again after U.S.-Iran peace talks canceled — but Tehran offers deal to reopen Strait of Hormuz




Oil futures were climbing on Monday after President Donald Trump canceled his U.S. envoy’s trip to Islamabad for peace talks with Iran over the weekend.

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