Particle.news
Download on the App Store
4 ARTICLES
·
last mo.

Oil Jumps, Futures Slip as Hormuz Shutdown Rattles Markets

Stalled diplomacy signals longer inflation pressure from higher oil.

Image
A flight of U.S. Army AH-64 Apache attack helicopters, armed with rockets and Hellfire missiles, taxi out to conduct a scheduled flight in the U.S. Central Command area of responsibility.
Image
A man walks in front of an electronic screen displaying Japan's Nikkei stock prices quotation board inside a conference hall in Tokyo, Japan, April 27, 2026. REUTERS/Issei Kato

Overview

  • Oil gains that built over the weekend have now pushed West Texas Intermediate near $107 and Brent near $111, with U.S. stock futures ticking lower.
  • The 30-year U.S. Treasury yield sits near 5% after Friday’s bond selloff, a jump that hit tech shares and knocked the Nasdaq-100 by 1.5%.
  • The Strait of Hormuz remains closed, cutting a waterway that carries about one-fifth of global oil and forcing heavier draws on commercial stockpiles.
  • President Trump is weighing military options on Iran, with Axios reporting a Sunday briefing with his national security team and a Situation Room meeting planned for Tuesday.
  • Major banks warn fuel supplies could tighten further, with JPMorgan and Capital Economics seeing inventories at stress levels by June and UBS flagging a risk of price spikes and panic buying.