As of April 22, 2026, the brent crude oil price is trading around $98 per barrel, after briefly surging above $100 due to escalating tensions in the Strait of Hormuz. Prices eased following a temporary ceasefire extension, but the oil price today remains volatile amid ongoing supply risks.

Why Crude Oil Price Today Is Still Unstable

The brent crude price has once again demonstrated how quickly sentiment can shift in global energy markets. Within 24 hours, prices surged past $100—triggering fears of a renewed energy shock—before slipping back toward $98.

For anyone tracking the crude oil price today or broader oil price trends, this is more than a short-term fluctuation. It reflects a market increasingly driven by geopolitical uncertainty rather than stable fundamentals, with traders reacting instantly to developments around the Strait of Hormuz.

Why Brent Crude Oil Price Spiked Above $100

The rally in brent crude oil price was not accidental—it was triggered by a sharp escalation in geopolitical risk.

Tensions intensified after Iran reportedly seized vessels attempting to pass through the Strait of Hormuz, while the United States maintained a naval blockade despite extending a temporary ceasefire. That combination created a dangerous signal for global oil supply: disruption without resolution.

Because the Strait of Hormuz handles a significant share of global oil shipments, even the perception of restricted flow can push prices sharply higher. In this case, markets reacted immediately, pricing in a potential supply shock and driving oil price today above the key $100 mark.

Yet, the rally proved fragile.

Why Crude Oil Price Today Fell Back Below $100

Despite the spike, the brent crude price could not hold above $100. The easing came after signals that the ceasefire would continue—at least temporarily—reducing the immediate risk of full-scale military escalation.

However, this is not a return to stability. It is a pause in a highly fragile environment.

Shipping activity remains cautious, military presence is still elevated, and diplomatic progress remains uncertain. In effect, the market has moved from panic to cautious watchfulness—keeping the crude oil price today elevated but not runaway.

Crude Oil Price Today — Global Benchmark Comparison

The broader oil market reflects this mixed sentiment, with different benchmarks reacting in varied ways:

What stands out in this table analysis is the divergence. While Brent—the global benchmark—has cooled slightly, other grades show sharper swings, indicating that the oil price is being shaped by localized demand patterns and geopolitical exposure.

Angle 360 Analysis: A Risk Premium Market in Motion

The current movement in brent crude oil price is not being driven by traditional supply-demand balance alone. Instead, it reflects a risk premium environment.

Markets are pricing in:

• Potential future disruptions, not just current supply levels
• Strategic leverage over oil routes like the Strait of Hormuz
• Political signaling from both Washington and Tehran

This explains why prices surged quickly but failed to sustain above $100—the market is uncertain, not convinced.

Global Implications of Rising Oil Price

The implications of the current oil price today extend across the global economy.

Higher oil prices feed directly into inflation, increasing transportation and production costs worldwide. Central banks, already navigating fragile recoveries, may face renewed pressure to tighten monetary policy.

For emerging economies, including Nigeria, the impact is even more immediate. Rising crude oil price today can translate into higher fuel costs, currency pressure, and fiscal strain—especially in economies sensitive to imported refined products.

At the same time, equity markets tend to react negatively to sustained oil spikes, as higher energy costs compress corporate margins and reduce consumer spending power.

Outlook: Where Brent Crude Price Heads Next

Looking ahead, the direction of the brent crude price will depend on three key scenarios:

• Diplomatic progress: Prices could ease toward the low $90s
• Sustained tension/blockade: Brent likely hovers near or above $100
• Escalation: A breakout toward $110+ becomes possible

The market is effectively in a wait-and-see mode, reacting to headlines rather than fundamentals.

Angle 360 Wrap-Up

Brent crude oil price is around $98 per barrel on April 22, 2026, after briefly rising above $100 due to tensions in the Strait of Hormuz. Prices eased following a ceasefire extension, but oil markets remain volatile due to ongoing geopolitical risks.

The brent crude oil price tells a clear story: this is a market driven by uncertainty.

The brief surge above $100—and the swift retreat—highlight how fragile global oil pricing has become. With geopolitical risks centered around the Strait of Hormuz, the crude oil price today will remain highly sensitive to every diplomatic and military development.

For decision-makers, investors, and consumers, the takeaway is straightforward:

Volatility is back—and it is being driven by geopolitics, not just supply and demand.

World oil prices today

World gasoline and oil prices at the end of yesterday’s trading session (April 22), WTI and Brent oil prices increased by 3.67% and 3.48% respectively.

By this morning’s session, both oil commodities continued the upward trend. At 7:16 am (Vietnam time), WTI crude oil price was at 96.54 USD/barrel, up 3.58 USD/barrel, equivalent to an increase of 3.85%. WTI oil closed the previous trading session at 92.96 USD/barrel and opened today’s session at 92.69 USD/barrel.

Brent oil price was at 105.64 USD/barrel, up 3.86 USD/barrel, equivalent to an increase of 3.79%. Brent oil price closed the previous trading session at 101.78 USD/barrel and opened today’s session at 101.79 USD/barrel.

According to analysts, world gasoline prices surged sharply as the market reacted to inventory data in the US, in which the amount of gasoline and distillate products fell much deeper than forecast. At the same time, increased tensions in the Strait of Hormuz after gunings targeting container ships also raised concerns about supply, in the context of deadlock in peace negotiations between the US and Iran.

Data from the US Energy Information Administration (EIA) shows that in the week ending April 17, crude oil inventories increased by 1.9 million barrels, to 465.7 million barrels. Conversely, gasoline inventories decreased sharply by 4.6 million barrels, to 228.4 million barrels, much higher than the decrease of 1.5 million barrels forecast by analysts. Distillate inventories also decreased by 3.4 million barrels, to 108.1 million barrels, exceeding the forecast of a decrease of 2.5 million barrels.

Geopolitical factors continue to increase pressure on oil prices, as the Hormuz Strait – the route that transports about 20% of global oil and liquefied gas supplies – becomes unstable.

On April 22, at least 3 container ships were attacked with guns in this area. Iranian media reported that the Navy of the Islamic Revolutionary Guard of Iran arrested 2 ships on charges of violating maritime regulations and brought them back to the country’s territorial waters.

Peace talks between the US and Iran have also made no progress. The meeting scheduled in Pakistan did not take place due to the absence of both sides, increasing concerns about the risk of supply disruption in the near future.

Domestic gasoline prices today

On April 23, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:

The above-mentioned domestic retail gasoline and oil prices were adjusted by the inter-ministry of Industry and Trade – Finance from 4 pm on April 21.

Accordingly, the price of E5RON92 gasoline decreased by 658 VND/liter; RON95 gasoline decreased by 719 VND/liter; diesel oil 0.05S decreased by 3,185 VND/liter; mazut oil decreased by 701 VND/kg.

Gasoline and oil discount today

– Hoang Trong General Trading Co., Ltd.:

+ Hai Linh Warehouse, Petec, Dinh Vu, K99: Diesel oil 0.05S: 3,000 VND/liter; Gasoline RON 95 – III: 1,500 VND/liter.

+ Bac Ninh Warehouse: Diesel oil 0.05S: 2. 850 VND/liter; Gasoline RON 95 – III: 1. 300 VND/liter.

+ Nghi Son Warehouse: Diesel oil 0.05S: 3,000 VND/liter; Gasoline RON 95 – III: 1,500 VND/liter.

– Tu Luc Petroleum Joint Stock Company 1:

+ Diesel oil 0.05S – II: 1,600 VND/liter;

+ Diesel oil 0.001S-V: 1. 100 VND/liter;

+ RON 95 – III gasoline: 900 VND/liter;

+ E5 gasoline: 900 VND/liter.

– MIPEC Petroleum Trading and Trading Co., Ltd. – MIPEC Petro (applied to the Northern region):

+ RON 95 – III gasoline: 1,000 VND/liter.

+ Diesel oil 0.05S-II: 1,600 VND/liter.

Copper price didn’t move anything since yesterday by its fluctuation near the initial support at $5.9700, due to the contradiction of the main indicators, by providing negative momentum by stochastic, which settles below 50 level.

The sideways trading might continue, reminding you that the negative pressure might force it to form some bearish corrective trading, attempting to reach $5.8200, while activating the bullish trend requires a new bullish momentum to push the price to settle above $6.1200, to begin activating new positive stations that might extend in the initial period at 6.2500.

The expected trading range for today is between $5.8200 and $6.100

Trend forecast: Fluctuated within the bullish trend

Created on April 22, 2026

Silver has gotten hammered during the trading session as talks between the Americans and the Iranians appear to be on hold. So, interest rates have spiked. With that being the case, it makes a certain amount of sense that traders will be very concerned about the potential risk appetite going forward.

If that ends up being the case, then silver gets hammered. It probably drops down to the $70 level relatively soon. The upside is the $82 level where we see a lot of resistance. And if we can break above there, then we can go to the $90 level.

The Geopolitical Impact on Risk Appetite

Quite frankly, we need the situation between the Americans and the Iranians to finally stop. There are a lot of games being played when it comes to talks and as long as that is the case, the war has a very high likelihood of continuing. Supposedly, the 2-week ceasefire ends sometime on Wednesday, so we will have to wait and see how that happens, but I think traders are starting to focus on the idea that maybe shots will be fired again.

If that is the case, silver probably gets hurt. Silver eventually will rally because there is a lot of demand for silver, but right now it is all about the interest rates just destroying the silver forecast. It is a non-yielding asset, and it of course makes a huge difference in how this plays out.

Ultimately, I think the 200-day EMA will be held, but that is all the way down at roughly $65. So, we could fall somewhat significantly. Watch the 10-year yield. If it rises, silver falls. That has been the game we have been playing for a while.

Ready to trade our daily forex analysis and predictions? Here are the best Silver trading brokers to choose from.

Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

Domestic coffee prices

The domestic coffee market this morning, April 22, recorded a simultaneous downward adjustment in key growing areas of the Central Highlands after strong fluctuations.

According to actual records, the average purchase price throughout the region has retreated to the threshold of 86,900 VND/kg with a general decrease of 500 VND/kg in all localities.

Specifically, in Dak Nong province (old), coffee prices are currently trading at the highest level in the region at 87,100 VND/kg. In Dak Lak and Gia Lai provinces, the purchase price is also at the threshold of 86,800 VND/kg.

Meanwhile, Lam Dong region listed the lowest price in the region at 86,300 VND/kg. This decrease reflects the caution of domestic speculators as world coffee prices are under great pressure from macroeconomic supply and demand reports.

World coffee prices

On international exchanges, red color continued to cover both London and New York exchanges in the early morning closing session today. Arabica coffee futures for May delivery in New York fell another 3.20 cents, equivalent to 1.10%, to the lowest level in the past 7 weeks.

Similarly, the London exchange also recorded Robusta futures for May delivery falling 25 USD, equivalent to 0.72%, despite efforts to recover at the beginning of the session. A technical sell-off wave was triggered when investment funds were concerned about a long-term supply surplus, especially when Arabica could not maintain important support levels previously.

Coffee price assessment

The main reason for the current decline in coffee prices is the prospect of a super bumper crop in Brazil. Marex Group Plc estimates that the output of this South American country in the 2026/27 crop year may reach a record 75.9 million bags, an increase of 15.5% compared to the previous year.

At the same time, the StoneX organization also put pressure on market sentiment when forecasting that the global coffee surplus in 2026 will expand to 10 million bags, marking the largest surplus in the past 6 years.

In Vietnam, Q1 export data increased by 14% to 585,000 tons, showing that the actual supply of goods to the market is still maintained at a high level, creating additional downward pressure for the Robusta line.

Although the market is under great oversupply pressure, there are still some factors hindering the deep decline. The closure of the Strait of Hormuz due to tensions in the Middle East continues to push up sea transportation costs, insurance and fuel costs, making it difficult for international roasters to import goods.

In addition, Robusta inventories on the ICE exchange are currently still at the lowest level in 16 months with only 3,788 lots as of the beginning of the week. In Brazil, rainfall in the Minas Gerais region last week only reached 20% of the historical average, which is also an important variable that could affect actual yields if the drought persists.

Coffee prices are for reference only, and may vary by region.