Oil Prices Surge to Four-Month Highs Following Delayed Strait of Hormuz Peace Talks

Muscat, Monday, 14 September 2026.
Crude oil prices surged past $107 per barrel after high-stakes negotiations in Oman regarding control of the Strait of Hormuz were unexpectedly postponed. Heightened regional conflict and disruptions to critical maritime trade corridors threaten global energy supply chains.