Oil prices hold near $100 as Trump extends Iran ceasefire but keeps blockade in place

NewsBusinessOil prices hold near $100 as Trump extends Iran ceasefire but keeps blockade in placeTraffic in Strait of Hormuz at standstill as US president says blockade of Iranian ports and shores will continueStuti Mishra Wednesday 22 April 2026 06:25 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":"b2962368","articleMeta":{"url":"https://www.independent.co.uk/news/business/oil-prices-brent-stocks-trump-extends-iran-deadline-b2962368.html","title":"Oil prices hold near $100 as Trump extends Iran ceasefire but keeps blockade in place"}}CloseRelated: Trump expects 'great deal' from Iran talks but ready to resume bombingSign 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 held near $100 a barrel on Wednesday after US president Donald Tru...