Axios has learned of efforts to agree a 45-day truce in Iran. Oil slowed down the growth

Brent futures rose above $111 per barrel 

Oil up 2%, stock futures fall after Trump's threats on Iran

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US President Donald Trump said that the war with Iran is <a href="https://oninvest.com/article/tramp-ne-skazal-kogda-zakoncitsa-vojna-v-irane-ekonomika-uze-nastroilas-na-krizis">close to being over</a>, but promised new strikes against the country in the next two to three weeks. He also shifted the responsibility for unblocking the Strait of Hormuz to other countries. SpaceX is preparing the largest IPO in history, counting on a valuation of over $2 trillion. Job growth in the U.S. in March almost three times exceeded analysts' expectations, but there are also some worrying signals in the statistics. You can read about the main events from March 30 to April 3 in our review.

SpaceX IPO, oil at its highest since 2008, unexpectedly strong US job growth - top stories of the week

Drive and fly less, go to work without a tie, and better yet, work from home. This is the advice given by authorities in various countries, which have to reduce demand for energy resources due to the largest disruption in the history of their supply. In different countries of the world again recommend to switch to remote work, which reminds of emergency measures in the times of pandemic Covid-19. But now it's a response to the energy shock from the war in Iran.

How different countries around the world are trying to save energy resources 

Oil prices in the short term may rise to $120-130 per barrel, and if the disruption of supplies through the Strait of Hormuz until mid-Ma - to exceed $150, according to analysts at JPMorgan, their opinion <a href="https://www.reuters.com/business/energy/jp-morgan-warns-oil-could-top-150-if-disruptions-persist-into-midmay-2026-04-02/">quotes</a> Reuters.

JPMorgan allowed oil prices to rise above $150 per barrel

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The EU is preparing for a prolonged energy crisis and is considering emergency measures, including fuel rationing and a new release of strategic reserves. Spot prices for physical supplies of Brent crude soared to $141 per barrel - the highest since 2008 - due to disruptions in the Strait of Hormuz. These and other topics - in our review of key events by the morning of April 3.

Top story for the morning: oil at peak since 2008, EU prepares measures against energy crisis

The world's most important indicator of real world oil prices Dated Brent at trading on April 2 exceeded $140 per barrel. This is the highest value since 2008.

Key global physical oil price soars to highest since 2008

On Friday, April 3, stock exchanges in the U.S. will be closed

Dow down, S&amp;P 500 and Nasdaq up, Brent up 7% ahead of long weekend

Iran is developing a joint protocol with Oman to monitor shipping through the Strait of Hormuz, the country's state-run IRNA news agency reported, citing Deputy Foreign Minister Kazem Gharibabadi. A translation of the report is quoted by <a href="https://www.bloomberg.com/news/live-blog/2026-04-02/iran-latest?cursorId=69CE81AD49F4004C">Bloomberg</a> and <a href="https://www.cnbc.com/2026/04/02/iran-war-oman-hormuz-strait.html">CNBC</a>.

Iran and Oman are preparing rules to control the Strait of Hormuz. What about oil prices?

Middle Eastern countries seek to reduce dependence on Iranian threats and ensure uninterrupted oil exports amid growing geopolitical tensions

Oil and gas bypassing the Strait of Hormuz: Gulf countries seek new routes

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The cost of May futures for Mark WTI oil jumped by more than 10%, breaking the $110 per barrel mark. June contracts for the benchmark Mark Brent also rose sharply and are trading above $109 per barrel. Prices were again boosted by an overnight speech by US President Donald Trump, who <a href="https://oninvest.com/article/tramp-ne-skazal-kogda-zakoncitsa-vojna-v-irane-ekonomika-uze-nastroilas-na-krizis" target="_blank">said</a> he expects the conflict in the Middle East to continue for another two to three weeks and announced "extremely strong strikes" against Iran.

WTI crude oil price has exceeded $110 per barrel, Brent is near that mark

The fee is as high as $2 million, Iranian parliament says