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Oil prices stay volatile amid Middle East supply risks and US-Iran talks, trading between $80-$120.

Market News
16 Apr 2026
FXEmpire
View Source
Neutral
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Oil prices remain volatile and range-bound between $80 and $120 due to ongoing supply disruptions in the Middle East, particularly around the Strait of Hormuz, and geopolitical tensions. The US-Iran negotiations add uncertainty, with supply flows still below normal, maintaining a risk premium. Macroeconomic factors like US sanctions on Russian and Iranian oil and inflation concerns also influence the market. Unless a resolution in the Middle East emerges, oil prices are expected to fluctuate widely within this range.

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