Global crude oil prices recovered, following the upward movement in\nworld gold prices. The increase occurred amid rising geopolitical\ntensions as Iran signalled no intention to engage in discussions to end\nthe war with the United States.<\/p>\n
Brent crude, the international benchmark, rose 3.8% to US$106.12, or\napproximately Rp 1.79 million (based on an estimated exchange rate of Rp\n16,910 per US dollar), per barrel during Thursday\u2019s trading session on\n26 March 2026. West Texas Intermediate (WTI) crude also recorded a sharp\nsurge of 3.6% to US$93.61, or about Rp 1.58 million per barrel.<\/p>\n
According to CNBC International, the rise in global oil prices was\ntriggered by a statement from Iran\u2019s Foreign Minister, Abbas Araghchi,\nwho emphasised that communication through mediators cannot be\ninterpreted as direct negotiations with the US. Iranian state media also\nreported that Tehran plans to reject Washington\u2019s ceasefire offer and\nhas prepared its own set of conditions to end the conflict.<\/p>\n
\u201cExchanging messages through mediators does not mean \u2018negotiating\nwith the United States\u2019,\u201d Araghchi said, as reported by local Iranian\nmedia.<\/p>\n
Araghchi\u2019s statement underscores the differing positions between the\ntwo countries. US President Donald Trump had previously claimed that\nWashington and Tehran were in the process of negotiations.<\/p>\n
\u201cWe are negotiating right now,\u201d Trump stated.<\/p>\n
Trump also mentioned that he had withheld plans for strikes against\nIranian energy infrastructure in connection with the ongoing\nnegotiations. However, Iran has consistently denied any direct talks\nwith the US, thereby increasing uncertainty in the global energy\nmarket.<\/p>\n
Analysts from TD Securities assess that the oil price surge due to\nthis conflict is unlikely to prompt an aggressive response from the US\nFederal Reserve. According to them, although markets are beginning to\nfactor in potential interest rate hikes due to rising inflation\nexpectations, the Fed is likely to remain cautious (hawkish).<\/p>\n
\u201cThe Fed will look through this energy price shock as long as\nlong-term inflation expectations remain anchored and the pass-through\neffects remain contained,\u201d the TD Securities analysts wrote.<\/p>\n
The investment bank also believes the Fed is inclined to adopt a\nwait-and-see stance, with policy direction still leaning towards rate\ncuts in the second half of 2026.<\/p>\n
This situation indicates that although energy prices are soaring due\nto geopolitical conflict, global monetary policy responses are not\nnecessarily set to change dramatically in the near term.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/global-oil-prices-rise-as-iran-rejects-peace-with-the-us-1774536680", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }