Negotiations between the US and Iran are blocked, compounded by restricted shipping, leading to an international oil price increase of over 2%.

On April 27 local time, due to the stalled peace talks between the United States and Iran, and the continued restrictions on transportation in the Strait of Hormuz, global oil supply remained tight, pushing international oil prices higher. Data shows that Brent crude oil futures rose by $2.22, or 2.11%, to $107.55 per barrel, while U.S. West Texas Intermediate crude oil rose by $2.02, or 2.14%, to $96.42 per barrel. Market analysis believes that the blockade of shipping in the Gulf region, combined with geopolitical tensions, continues to exert upward pressure on the energy market.