Oil Prices Near $100 Amid Worries Over US-Iran Truce

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The shift to electric vehicles reduces dependence on Middle Eastern crude oil, especially when the Strait of Hormuz is threatened. This transition strengthens national energy sovereignty by minimizing the impact of disruptions to global crude oil distribution. Shutterstock

TEMPO.CO, Jakarta - Brent crude oil prices rose again on Thursday, April 9, 2026, amid Iranian media reports and renewed disruptions in the Strait of Hormuz, which have fueled concerns about global supply and cast doubt on the US-backed ceasefire.

Brent futures rose 2.5 percent to near US$97 (around Rp1.66 million) per barrel at 12:50 p.m. Jakarta time, after plunging more than 16 percent on Wednesday to around US$90—their lowest level in over a month.

Prices had previously fallen after the United States and Iran agreed to a two-week ceasefire, easing concerns about energy supply disruptions in the Middle East, according to Anadolu.

However, market sentiment changed after Iran's Tasnim news agency reported that Iran could withdraw from the US-backed ceasefire if Israel continued violating the deal by attacking Lebanon.

In Lebanon, national mourning was declared after a wave of Israeli attacks claimed at least 254 lives and injured over 1,165 people in a single day on Wednesday.

Iranian media also reported that oil tanker traffic through the Strait of Hormuz was halted again following Israeli attacks on Lebanon, although two vessels passed safely after the ceasefire was announced.

Tasnim reported on Thursday that a large number of ships were stuck in the strategic waterway.

The report came hours after Iran's public broadcaster, IRIB, reported that ships seeking to pass through the strait must coordinate with the Iranian Revolutionary Guards Navy and use designated routes.

Read: Israeli Massacre in Lebanon Brings Iran-US Truce to Brink of Collapse

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