The Digester
finance

Oil rises above $111 as markets brace for US Iran deadline

Brent topped $111 and equities slumped as investors pared risk ahead of a US deadline linked to Iran that could further disrupt energy flows.

Apr 7th 2026 · United States

Insights

  • Brent crude climbed above $111 a barrel after volatile trading.
  • US stock futures fell about 0.5% and Asian markets lost early gains as investors pulled back.
  • Markets are cautious ahead of a US deadline for Iran to agree to terms that include reopening the Strait of Hormuz.
  • The dollar held firm while US Treasury yields rose toward 4.35%, reinforcing a tighter policy outlook.
  • Payrolls rose 178,000 in March but underlying labour metrics show weaker momentum, and thin holiday trading has amplified headline-driven moves.

Sources