Oil prices drop below $95 and Asian stocks hit record highs as Iran peace deal hopes grow

NewsBusinessOil prices drop below $95 and Asian stocks hit record highs as Iran peace deal hopes growBrent ‌crude opens 0.4 per cent lower at $94.55 a barrel after reports Iran could consider allowing ships to sail freely through the Omani side of Strait of HormuzStuti Mishra Thursday 16 April 2026 05:46 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2958670","articleMeta":{"url":"https://www.independent.co.uk/news/business/oil-prices-latest-iran-war-asia-stock-markets-b2958670.html","title":"Oil prices drop below $95 and Asian stocks hit record highs as Iran peace hopes grow"}}CloseUS enforces blockade on Iranian ports as naval vessels patrol Gulf of OmanSign up to the Independent Climate email for the latest advice on saving the planetGet our free Climate emailGet our free Climate emailEmail*SIGN UPI would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice{"className":"sc-1ge0fwe-0","newsletterData":{"regSourceNewsletter":"IND_Climate_Newsletter","regTitle":"Independent Climate","subscriptionGroup":"climate","subscriptionGroupId":"5a7ac7c1-5f39-48c0-8ee8-0b8e43b9e451","type":"climate_change","pathPrefix":"/climate-change","associatedAuthors":["Stuti Mishra"],"title":"Sign up to the Independent Climate email for the latest advice on saving the planet","mobileTitle":"Get our free Climate email","imageSrc":"https://static.independent.co.uk/static-assets/images/newsletters/climate1_1.png","description":"Sign up for news and advice on saving the planet","label":"I would like to receive morning headlines Monday - Friday plus breaking news alerts by email","newsletterKey":"receiveClimate","regSourceSection":"Business","regSourceMethod":"NSCs"},"isClimate":true}Oil prices fell to around $94 on Thu...