Brent Crude Holds Above $101 Overnight as Iran Ship Seizures Shatter Ceasefire Calm — Thursday Oil Outlook

# Brent Crude Holds Above $101 Overnight as Iran Ship Seizures Shatter Ceasefire Calm — Thursday Oil Outlook

> **Quick answer:** Brent crude oil held $101.73 overnight on April 23, 2026 — up 3.3% from the prior session and now in its second consecutive close above $100 — after Iran seized two vessels and attacked three commercial ships in the Strait of Hormuz despite an extended ceasefire. The June Brent contract settled at $101.65. Goldman Sachs maintains that Brent stays above $100 through all of 2026 if Hormuz remains restricted another month. S&P 500 futures are down 0.48% in Thursday pre-market. *This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

Brent crude oil price today April 23 2026 confirms what yesterday's move only suggested: $100 per barrel is no longer a ceiling to test. It is the floor. For the second consecutive session, Brent held above the psychological threshold overnight, settling at $101.73 — a 3.3% gain from the prior close — as Iranian forces seized two commercial vessels and conducted direct attacks on three more in the Strait of Hormuz in the hours following a ceasefire extension. Here is the full overnight picture for Thursday morning.

## The Overnight Data: What Traders Are Waking Up To

The numbers for Thursday morning:

- **Brent spot:** $101.73/bbl (+3.3% from prior session) - **June Brent contract:** $101.65 — virtually no discount to spot, meaning the forward market sees no near-term relief - **Consecutive sessions above $100:** 2 — the first back-to-back $100+ closes since the crisis began - **S&P 500 futures:** -0.48% Thursday pre-market, signaling stocks are not treating this as a "priced in" event - **WTI spread:** tracking Brent with a roughly $2-3 discount as normal