{"id":49831,"date":"2026-11-03T11:48:04","date_gmt":"2026-11-03T09:48:04","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=49831"},"modified":"2026-11-03T11:48:04","modified_gmt":"2026-11-03T09:48:04","slug":"oil-rises-as-peace-prospects-dim-after-us-hits-irans-qeshm-island","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/oil-rises-as-peace-prospects-dim-after-us-hits-irans-qeshm-island\/","title":{"rendered":"Oil rises as peace prospects dim after US hits Iran&#8217;s Qeshm Island"},"content":{"rendered":"<div>Oil prices rose more than $1 on Tuesday, as an Iranian official said a deal \u200cto the end the war was far off, while the United States (US) struck Iran&#8217;s Qeshm Island, fuelling concerns over the escalation of hostilities and risks to energy supplies.<\/div>\n<div><\/div>\n<div>US West Texas Intermediate crude was up $1.6, or 1.66%, at $98.06 a barrel while Brent \u200bcrude futures rose $1.84, or 1.76%, to $106.61 a barrel.<\/div>\n<div><\/div>\n<div>Both benchmarks had dropped more than 7% \u200bon Monday as talks between Iranian and Qatar officials lifted hopes for an end \u2060to the US and Israeli war with Iran that were soon dashed.<\/div>\n<div><\/div>\n<div>A US official said on Monday the US \u200bhad struck Iran&#8217;s Qeshm Island. Some officials described the assaults as defensive and aimed at preventing Iran from attacking commercial \u200bships in the Strait of Hormuz.<\/div>\n<div><\/div>\n<div>On Tuesday, a Senior Iranian official told\u00a0<i>Reuters\u00a0<\/i>that both countries were far from reaching a deal to end the war, and Tehran would not accept Washington&#8217;s &#8220;excessive demands&#8221;.<\/div>\n<div><\/div>\n<div>Iran&#8217;s parliament Speaker Qalibaf said Tehran had given Washington a &#8220;strong and \u200brational response,&#8221; adding, &#8220;The ball is in the US&#8217; court,&#8221; according to state media.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":20458,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-49831","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Oil prices rose more than $1 on Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/49831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/49831\/revisions"}],"predecessor-version":[{"id":49833,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/49831\/revisions\/49833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20458"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=49831"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=49831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}