[MARKET UPDATE] Crude continues to lift off lows on further reporting that Iran would consider withdrawing from the ceasefire if attacks against Lebanon do not stop

The situation in Iran regarding the ceasefire is escalating with the indication that Iran may withdraw from the ceasefire if attacks against Lebanon continue.

Newsquawk StaffPublished 8 Apr 2026, 14:51 UTCOn the live feed at 14:31 UTC — 4 more headlines followed before this page went public

Newsquawk headlinesUTC

14:37

Brazil's Costa says Shell production reached a record 500k BPD in Brazil in March

14:34

Oil tankers passing through the Strait of Hormuz have been stopped by the IRGC after Israel's ceasefire breach, Fars News Agency reports

14:31

[MARKET UPDATE] Crude continues to lift off lows on further reporting that Iran would consider withdrawing from the ceasefire if attacks against Lebanon do not stop

14:30

US EIA Gasoline Production Change (Apr/03) -0.214M (Prev. -0.152M)

14:30

US EIA Refinery Crude Runs Change (Apr/03) -0.129M (Prev. -0.219M)

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As a reminder, at 14:25GMT, an Iranian spokesperson said there was either a ceasefire on all fronts, or no ceasefire on any front.

Context

This adds geopolitical risk premium to crude prices as tensions rise, likely supporting further price increases in the oil market. Traders should keep an eye on developments, especially any direct implications for global oil supply and price stability.

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