{"id":207164,"date":"2026-04-10T08:19:21","date_gmt":"2026-04-10T08:19:21","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/oil-prices-hover-around-100-as-concerns-about-u-s-iran-ceasefire-persist-nbc-news\/"},"modified":"2026-04-10T08:19:21","modified_gmt":"2026-04-10T08:19:21","slug":"oil-prices-hover-around-100-as-concerns-about-u-s-iran-ceasefire-persist-nbc-news","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/oil-prices-hover-around-100-as-concerns-about-u-s-iran-ceasefire-persist-nbc-news\/","title":{"rendered":"Oil prices hover around $100 as concerns about U.S.-Iran ceasefire persist – NBC News"},"content":{"rendered":"

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The price of oil rebounded Thursday, as doubts began to set in about the state of the Iran ceasefire announced just two days earlier by President Donald Trump<\/a>.
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Chief among them was that fewer than a half-dozen ships had been observed transiting the Strait of Hormuz on Wednesday.
U.S. crude had another volatile trading session Thursday, falling as low as about $95 per barrel and rising as high as nearly $103. By the end of the day, it had risen more than 5.5% to almost $100.
International Brent crude also faced a choppy trading session, up 3% to around $98.
Gas prices also continued their monthlong climb, with the national average price per gallon hitting $4.17 Thursday, according to data from the motor club AAA.
The move higher in oil prices slowed a plunge that began immediately after Trump announced the ceasefire Tuesday night. U.S. crude oil dropped more than 16% Wednesday<\/a>.
“Prices rebounded as fighting in the Middle East continued, and the ceasefire outlook deteriorated, keeping uncertainty around the Strait of Hormuz firmly in focus,” ING commodities analysts wrote in a Thursday note. “Optimism over the ceasefire faded after Tehran said several terms of the agreement had been breached.”
Wednesday, Iranian media reported that the Strait of Hormuz, a key component of the ceasefire, had been closed again after Israel struck Lebanon. Mohammad Bagher Ghalibaf, the speaker of the Iranian Parliament, also said that the U.S. violated the deal.
“Ceasefire violations carry explicit costs and STRONG responses,” he wrote on X<\/a>.
Iran insists that a halt to Israeli strikes in Lebanon be included in any ceasefire deal. The U.S. and Israel, however, say it is a separate conflict.
Likewise, the U.S. demands that the Strait of Hormuz be fully opened to marine traffic, while Iran says it intends to police transit and exact tolls from passing ships under any ceasefire deal.
Thursday morning, the CEO of the Abu Dhabi National Oil Co. also took aim at the ceasefire on LinkedIn<\/a>.
“This moment requires clarity,” Sultan Al Jaber wrote. “So let\u2019s be clear: the Strait of Hormuz is not open. Access is being restricted, conditioned and controlled.”
“Markets remain at a critical crossroads,” Al Jaber added. “The final cargoes that transited the Strait of Hormuz before the conflict are now arriving at their destinations.”
Stocks initially fell Thursday morning, but news from Israeli Prime Minister Benjamin Netanyahu that his country is seeking \u201cto open direct negotiations with Lebanon as soon as possible” jolted stocks higher at midday.
The S&P 500 ended higher by 0.6%, the Dow jumped more than 275 points and the Nasdaq popped 0.8%.
Since the ceasefire was announced Tuesday evening, ship traffic in the Strait of Hormuz has not increased. Wednesday, just four ships passed, according to S&P Global Market Intelligence data. Thursday, that number rose to five, a small fraction of the hundreds of ships that passed through daily before the war started.
As of Thursday afternoon, U.S. crude oil prices were still up more than 70% since the start of the year.
Experts say that without a substantial drop further, gas prices will likely remain elevated for consumers.
“This roller coaster may not be over yet,” GasBuddy analyst Patrick De Haan said on X. Still, the initial drop in oil prices on the ceasefire news could translate into “some downside to gas prices for many this weekend,” he added.
Steve Kopack is a senior reporter at NBC News covering business and the economy.
© 2026 NBCUniversal Media, LLC<\/p>\n

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news AlertsThere are no new alerts at this timeThe price of oil rebounded Thursday, as doubts began to set in about the state of the Iran ceasefire announced just two days earlier by President Donald Trump.Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content.Chief among them was that fewer […]<\/p>\n","protected":false},"author":1,"featured_media":207165,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-207164","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-us","8":"entry"},"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/207164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=207164"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/207164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/207165"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=207164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=207164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=207164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}