# Brent oil traded at $108.92 (€92.85) a barrel on Monday afternoon.

*business · news · 2026-04-27 · The Irish Times*

## Key points

- US President Trump cancelled a visit by US envoys to Pakistan for Iran-related talks.
- Brent oil price rose to $108.92 a barrel, up from $105.78 at last London close.
- Shell announced a $16.4 billion cash-and-shares acquisition of Canada's ARC Resources.
- OpenAI stated Microsoft will not have exclusive access to its artificial intelligence models.

**Companies:** Microsoft, Nvidia, Shell, Bank of Ireland, AIB, Ryanair, J Sainsbury, Marks & Spencer, Kingspan, Cairn Homes, Glenveagh Properties
**Countries:** United States, Pakistan, Iran, Canada, Ireland, United Kingdom, Germany, France

[Read the full story on The Irish Times](https://www.irishtimes.com/business/2026/04/27/world-markets-fall-as-middle-east-crisis-rumbles-on/)

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