# Brent crude was edging closer to $110 on Tuesday morning.

*fintech · news · 2026-04-28 · City A.M.*

## Key points

- Brent crude oil prices approached $110 after renewed uncertainty in Middle East peace talks.
- Iran proposed opening the Strait of Hormuz before resuming nuclear negotiations, a stance Trump opposes.
- The US seized two Iranian-linked tankers, intensifying concerns over ongoing hostilities in the region.
- China and Russia vetoed a Bahrain-backed UN resolution seeking to protect navigation in the Strait of Hormuz.

**Companies:** BP, Barclays
**Countries:** Iran, United States, China, Russia

[Read the full story on City A.M.](https://www.cityam.com/ftse-100-live-barclays-bp-oil-stocks-trump-iran-taylor-wimpey/)

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