# stock futures edged lower as oil prices surged above $98 per barrel.

*business · news · 2026-04-10 · Benzinga*

## Key points

- Oil prices surged above $98 per barrel due to tensions in the Strait of Hormuz.
- President Trump accused Iran of violating oil transit agreements and warned against imposing shipping fees.
- Israeli Prime Minister Netanyahu confirmed preparations for possible direct talks with Lebanon.
- Iran and Pakistan claim Lebanon is included in the latest ceasefire, while the U.S. and Israel disagree.

**Countries:** United States, Iran, Israel, Lebanon, Pakistan

[Read the full story on Benzinga](https://www.benzinga.com/news/politics/26/04/51747450/trump-iran-strait-of-hormuz-oil-spikes-dow-futures-slip)

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