07 Sep 2026

10:34

  • Bitumen 60/70

    424$

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    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -0.9%

  • Bitumen 60/70

    424$

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    15$

    FOB Bandar Abbas - New Steel Drum

    -0.9%

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    404$

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    -1.0%

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    415$

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    15$

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    416$

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    408$

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    -1.0%

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    596$

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    15$

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    414$

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    15$

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    -1.0%

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    378$

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    FOB Bandar Abbas - Carton 25KG

    -1.0%

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    378$

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    -1.0%

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    380$

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    380$

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    15$

    FOB Bandar Abbas - Carton 25KG

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    508$

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    FOB Bandar Abbas - Bulk

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    11.2%

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    Texas - Bulk

    0.9%

  • Crude Oil Brent

    97.21$

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    5$

    London - Bulk

    1.0%

Home Blog Why Oil Markets Remain on Edge Despite Ceasefire

Why Oil Markets Remain on Edge Despite Ceasefire

codarx

codarx

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Update date: 2026/04/09

The two-week US-Iran ceasefire announced overnight has taken the panic premium out of oil – but not the full risk premium. Prices are not snapping back to pre-war levels due to the scale of disruption and backlog-clearing mechanisms that will take some time to normalize. Futures have moved and, as a result, Rystad Energy has reduced its average Brent price from $97 to average $87 for 2026. However, the tightness in the physical barrels is unlikely to be cleared anytime soon. Oil plunged below US$100 per barrel after the US and Iran agreed…

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