Shares of energy companies rose alongside oil futures as the key Strait of Hormuz shipping channel remained effectively closed amid stalled U.S.-Iranian peace talks.
The globally traded Brent crude contract rose 2% to $100.47 a barrel, while the West Texas Intermediate contract added 3.7% to $92.96 a barrel after ships in the Strait of Hormuz came under fire.
Talks between U.S. and Iranian officials scheduled for Islamabad in Pakistan appear to have ended before they began.
Iranian President Masoud Pezeshkian said Tehran remained open to dialogue but accused Washington of undermining prospects for meaningful negotiations through what he described as breaches of commitments, a continuing blockade and persistent threats.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-22-26 1733ET
