{"id":429666,"date":"2026-04-20T19:00:09","date_gmt":"2026-04-20T12:00:09","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/04\/investinglive-european-markets-wrap-oil-holds-higher-as-risk-retreats-on-us-iran-setback\/"},"modified":"2026-04-20T19:00:09","modified_gmt":"2026-04-20T12:00:09","slug":"investinglive-european-markets-wrap-oil-holds-higher-as-risk-retreats-on-us-iran-setback","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/04\/investinglive-european-markets-wrap-oil-holds-higher-as-risk-retreats-on-us-iran-setback\/","title":{"rendered":"investingLive European markets wrap: Oil holds higher as risk retreats on US-Iran setback"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/are-markets-waiting-for-trump-to-come-to-the-rescue-once-again-20260420\/\">Are markets waiting for Trump to come to the rescue once again?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/oil-prices-rebound-on-escalating-tensions-as-ceasefire-deadline-approaches-20260420\/\">Oil prices rebound on escalating US-Iran tensions as ceasefire deadline approaches<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/iran-continues-to-reaffirm-that-us-demands-have-been-unserious-and-unrealistic-20260420\/\">Iran continues to reaffirm that US demands have been &#8220;unserious&#8221; and &#8220;unrealistic&#8221;<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/differences-over-nuclear-programme-remains-unresolved-says-senior-iranian-official-20260420\/\">Differences over nuclear programme remains unresolved, says senior Iranian official<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/pakistan-army-chief-munir-spoke-to-trump-told-him-hormuz-blockade-is-hurdle-to-talks-20260420\/\">Pakistan Army Chief Munir spoke to Trump, told him Hormuz blockade is hurdle to talks<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/boj-likely-to-keep-monetary-policy-unchanged-in-april-report-20260420\/\">BOJ likely to keep monetary policy unchanged in April &#8211; report<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/japan-issues-tsunami-warning-after-major-75-magnitude-quake-hits-20260420\/\">Japan issues tsunami warning after major 7.5 magnitude quake hits<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/german-producer-prices-in-march-see-largest-monthly-jump-since-august-2022-20260420\/\">German producer prices in March see largest monthly jump since August 2022<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>Brent crude up 4.7% to $95.10, WTI crude (June) up 5.9% to $87.50<\/li>\n<li>US dollar little changed and keeping more mixed on the day<\/li>\n<li>Major indices in Europe nursing 1% losses, S&amp;P 500 futures down 0.5%<\/li>\n<li>US 10-year yields up 2.2 bps to 4.265%<\/li>\n<li>Gold down 0.8% to $4,790, Silver down 1.9% to $79.25<\/li>\n<li>Bitcoin up 2.0% to $75,300<\/li>\n<\/ul>\n<p class=\"text-align-justify\">It&#8217;s a risk-off mood in markets but not really as bad as you would think if going by the headlines.<\/p>\n<p class=\"text-align-justify\">The reopening of the Strait of Hormuz on Friday last week was brief and did not last a day. That as Iran reverted back to close the waterway amid their dissatisfaction with the continued US naval blockade. In turn, they&#8217;re pushing an uncompromising position and maintaining that there are gaps on key issues. In that lieu, Tehran is saying that they don&#8217;t see a need for talks so long as Washington continues with its threats.<\/p>\n<p class=\"text-align-justify\">That as we move another day closer to the ceasefire in hostilities, which will expire on Wednesday.<\/p>\n<p class=\"text-align-justify\">Still, it would seem that markets are keeping the faith that something good is still around the corner. Sure, we are seeing a dent to risk sentiment today. However, it really isn&#8217;t as bad of a knock all things considered.<\/p>\n<p class=\"text-align-justify\">After hitting record highs last week and posting near 12% gains in the past three weeks, S&amp;P 500 futures are only down 0.5% on the day.<\/p>\n<p class=\"text-align-justify\">Meanwhile, oil prices may have opened with a gap higher but are still not quite producing the surging volatility that we saw amid the height of the panic during the war so far. Brent crude is up 4.7% to $95.10 while the June contract for WTI crude is up 5.9% to $87.50. On the latter, do be reminded that the May contract will expire later today.<\/p>\n<p class=\"text-align-justify\">In other markets, major currencies did not get up to much with the dollar also not really moving on the session. EUR\/USD is up 0.1% to 1.1772 while USD\/JPY is also just marginally up by 0.1% to 158.85 on the day. Besides that, USD\/CAD is down 0.1% to 1.3685 and AUD\/USD is down 0.1% to 0.7158 currently. All in all, no major significant movements in the FX space.<\/p>\n<p class=\"text-align-justify\">As for precious metals, we are seeing gold marked down by 0.8% to $4,790 and silver down 1.9% to $79.25 in response to the risk retreat. But similar to the mood in equities, the drop here isn&#8217;t really that bad. Even with the near 2% fall today, it still isn&#8217;t enough to undo the Friday jump in silver prices.<\/p>\n<p class=\"text-align-justify\">Are markets hoping for Trump to deliver another TACO moment in the coming day(s)?<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: Are markets waiting for Trump to come to the rescue once again? Oil prices rebound on escalating US-Iran tensions as ceasefire deadline approaches Iran continues to reaffirm that US demands have been &#8220;unserious&#8221; and &#8220;unrealistic&#8221; Differences over nuclear programme remains unresolved, says senior Iranian official Pakistan Army Chief Munir spoke to Trump, told him [&hellip;]<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-429666","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=429666"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429666\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=429666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=429666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=429666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}