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NASDAQ:OET 2 April 2026

Oil Prices Soar as Hormuz Fears Return, Brent Tops $109 and WTI Sees Biggest Jump Since 2020

Oil Prices Soar as Hormuz Fears Return, Brent Tops $109 and WTI Sees Biggest Jump Since 2020

Brent crude rose above $109 a barrel and U.S. WTI topped $111 after President Trump vowed continued attacks on Iran and gave no timeline for reopening the Strait of Hormuz. U.S. gasoline could reach $5 a gallon within a month if the waterway remains shut, analysts said. U.S. clean-fuel exports hit a record in March as global buyers sought alternatives. Shipping costs surged, with vessel availability on the Gulf Coast down 41% in a month.
2 April 2026

Stock Market Today

  • Soybeans Slide on Product Pressure Ahead of USDA Export Report
    April 23, 2026, 4:11 AM EDT. Soybean contracts fell sharply on Wednesday with prices dropping between 4 and 11 ¼ cents amid pressure from related products. The national average cash bean price declined 9 ½ cents to $11.01¼. Soymeal futures slid $2.90 to $4.90, while soy oil futures lost 23 to 65 points in front months. Market participants await Thursday's USDA Export Sales report, which expects 200,000 to 600,000 metric tons (MT) of old crop beans sold in the week of April 16 and modest new crop sales. Brazil's April soybean exports eased slightly to 16.4 million MT, influencing global supply considerations. Nearby May contracts closed at $11.64½, down 10 cents, reflecting market caution amid fluctuating export data and commodity pressures.

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Sensex, Nifty Fall Again Today as Oil Holds Above $100 and HSBC Cuts India to Underweight

Sensex, Nifty Fall Again Today as Oil Holds Above $100 and HSBC Cuts India to Underweight

23 April 2026
Indian stocks fell Thursday, with the Nifty 50 at 24,207.25 and Sensex at 77,799.23 by early afternoon, as Brent crude stayed above $100 and HSBC downgraded Indian equities to “underweight.” The rupee dropped to a three-week low past 94 per dollar. Foreign investors have pulled $4.3 billion from Indian shares in April. Pharma shares rose, but financials and automakers led declines.
UK Stock Market Today: FTSE 100 Slides as Oil Tops $103, Sainsbury and WH Smith Warn on Profits

UK Stock Market Today: FTSE 100 Slides as Oil Tops $103, Sainsbury and WH Smith Warn on Profits

23 April 2026
London’s FTSE 100 fell 0.59% to 10,414.79 by 08:38 BST as Brent crude climbed above $103 and Sainsbury and WH Smith issued fresh profit warnings. March UK inflation accelerated to 3.3%, and consumer optimism hit a record low. Sainsbury flagged Iran war risks to its 2026/27 profit, while WH Smith cut its outlook and suspended its dividend. Britain’s budget deficit narrowed, but March borrowing exceeded forecasts.
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