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OPEC output increase

Oil rises as US-Iran deal stalls

May 4, 2026 by Attia Naveed

Oil prices rose on Monday as markets reacted to ongoing uncertainty over a potential US-Iran agreement and continued disruptions in Middle East shipping routes. The gains come as traders weigh geopolitical risks against supply concerns in the global energy market. Prices remain elevated due to fears of prolonged instability. Brent crude futures increased by $1.22, […]

Filed Under: World Tagged With: Brent crude, Global oil market, Latest, oil prices today, OPEC output increase, Strait of Hormuz, US Iran tensions

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