Oil Falls 5% on Diplomatic Hopes for Iran War Despite Persistent Supply Disruptions -- Market Talk

Dow Jones03-25 18:28

1027 GMT - Oil prices extend losses, plunging more than 5% as diplomatic efforts to end the Iran war overshadowed continued military strikes and the effective blockade of the Strait of Hormuz. In mid-morning European trading, Brent crude is down 5.4% to $94.82 a barrel, while WTI falls 5% to $85.23 a barrel. Still, "the conflict has triggered widespread energy stress, including surging diesel prices, fuel shortages in multiple countries, and increased demand for alternative supplies, while uncertainty over negotiations and ongoing attacks continues to keep markets highly volatile," says Soojin Kim, analyst at MUFG. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 06:28 ET (10:28 GMT)

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(giulia.petroni@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 25, 2026 06:28 ET (10:28 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2622022984","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622022984","pubTimestamp":1774434480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1027 GMT - Oil prices extend losses, plunging more than 5% as diplomatic efforts to end the Iran war overshadowed continued military strikes and the effective blockade of the Strait of Hormuz. 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