{"id":93733,"date":"2026-04-24T01:57:28","date_gmt":"2026-04-24T01:57:28","guid":{"rendered":"https:\/\/christiancorner.us\/index.php\/2026\/04\/24\/wti-brent-after-israel-lebanon-ceasefire-extension\/"},"modified":"2026-04-24T02:00:34","modified_gmt":"2026-04-24T02:00:34","slug":"wti-brent-after-israel-lebanon-ceasefire-extension","status":"publish","type":"post","link":"https:\/\/christiancorner.us\/index.php\/2026\/04\/24\/wti-brent-after-israel-lebanon-ceasefire-extension\/","title":{"rendered":"WTI, Brent after Israel-Lebanon ceasefire extension"},"content":{"rendered":"<p>\n<\/p>\n<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\" id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108292010\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>The Greek-flagged crude oil tanker &#8220;Asahi Princess&#8221; is moored off the coast of the Syrian Banias port refinery on the Mediterranean Sea on April 15, 2026. Iraq has started exporting crude using tanker trucks through Syria, its oil ministry said, after an official said oil revenues last month fell more than 70 percent compared with February. <\/p>\n<p>Bakr Alqasem | AFP | getty images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Oil prices rose on Friday as energy concerns grew due to conflict in the Middle East, with the US and Iran both seizing ships as the Strait of Hormuz remains closed.<\/p>\n<p>International benchmark Brent crude rose more than 1.25% to $105.38 a barrel in Friday trading, while US West Texas Intermediate futures rose 1.14% to $96.96 a barrel.<\/p>\n<p>Prices rose even as Israel and Lebanon agreed to extend their ceasefire after President Donald Trump said on Thursday a meeting with senior US officials at the White House. &#8220;The meeting was great!&#8221; Trump posted on Truth Social announcing the extension.<\/p>\n<p>The ceasefire, initially set for 10 days, will now allow more time for diplomatic talks, with Washington pledging support to strengthen Lebanon&#8217;s security against Hezbollah.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><default:svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><default:title>stock chart icons<\/default:title><default:desc>stock chart icon<\/default:desc><default:g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><default:path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><default:path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><default:path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><default:path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><default:path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><\/default:g><\/default:svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><\/div>\n<\/div>\n<p><iframe title=\"U.S. oil prices since the start of the year\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=%40CL.1&amp;range=YTD&amp;type=mountain&amp;embedded=true&amp;$DEVICE$=undefined\" height=\"460\" scrolling=\"no\" loading=\"lazy\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>US oil prices since the beginning of the year<\/p>\n<\/div>\n<div class=\"group\">\n<p>While a ceasefire between the US and Iran remains in place, the conflict has devolved into a naval blockade keeping the vital Strait of Hormuz closed, as both attempt to gain economic leverage to secure a deal favorable to their interests. <\/p>\n<p>\u201cThe longer the strait remains closed, the greater the economic cost \u2013 increasing the likelihood that one side will be forced to withdraw,\u201d the Commonwealth Bank of Australia wrote in a note published Friday.<\/p>\n<p>Before the war about 20 million barrels of oil and petroleum products were shipped daily through the strait.<\/p>\n<p>&#8220;We estimate that the US will be the first to withdraw due to rising political and economic costs. But risks remain for a major military escalation, which would significantly increase the US dollar,&#8221; the analysts wrote. <\/p>\n<p>\u201cWe are facing the greatest energy security threat in history,\u201d Fatih Birol, head of the International Energy Agency, told CNBC on Thursday. <\/p>\n<p>&#8220;To date, we&#8217;ve lost 13 million barrels of oil per day &#8230; and there are major disruptions to critical commodities,&#8221; he told Steve Sedgwick on CNBC&#8217;s virtual program. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/convergelive.com\/\">join live<\/a> in Singapore.<\/p>\n<p>Birol previously warned that an Iran war and closing the Strait of Hormuz would lead to &#8220;the biggest energy crisis ever&#8221; and urged governments to increase their resilience with alternative energy sources.<\/p>\n<p><em>\u2014 CNBC&#8217;s Holly Elliott contributed to this report.<\/em><\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your favorite source on Google and never miss a moment of the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Greek-flagged crude oil tanker &#8220;Asahi Princess&#8221; is moored off the coast of the Syrian Banias port refinery on the Mediterranean Sea on April 15, 2026. Iraq has started exporting crude using tanker trucks through Syria, its oil ministry said, after an official said oil revenues last month fell more than 70 percent compared with<\/p>\n","protected":false},"author":1,"featured_media":93738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[8277,4380,1528,9595,8276],"class_list":{"0":"post-93733","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bible-news","8":"tag-brent","9":"tag-ceasefire","10":"tag-extension","11":"tag-israellebanon","12":"tag-wti"},"_links":{"self":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/93733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/comments?post=93733"}],"version-history":[{"count":1,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/93733\/revisions"}],"predecessor-version":[{"id":93739,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/93733\/revisions\/93739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media\/93738"}],"wp:attachment":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media?parent=93733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/categories?post=93733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/tags?post=93733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}