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Oil rises, stocks swing as peace talk hopes wobble

Oil rises, stocks swing as peace talk hopes wobble

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| Photo Credit: Getty Images/iStockphoto

Oil prices rose Monday (April 27, 2026) while stocks were mixed with the United States and Iran no closer to ending their eight-week-old war after U.S. President Donald Trump cancelled his envoys’ trip for peace talks at the weekend.

Hopes that the two sides could make progress during negotiations in Pakistan were dashed on Saturday (April 26, 2026) by the U.S. President, who said there was no point “sitting around talking about nothing”.

Published – April 27, 2026 09:22 am IST

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