Crude Oil Price Today - April 9: Check Prices of Brent Crude, WTI, Urals, Gasoline & Others

Oil markets respond to renewed Middle East hostilities, with Brent and WTI edging higher amid fears over Hormuz shipping routes, ceasefire fragility, and broader Iran-Iraq proxy dynamics influencing supply security.

Crude oil prices climbed back above $97 per barrel in early trade on 9 April, as renewed Israeli air strikes in Lebanon and tensions with Iran unsettled markets, raising fresh doubts over the two-week ceasefire arrangement brokered by United States President Donald Trump for safe shipping through the Strait of Hormuz.

Traders reacted to the latest escalation with fresh buying, lifting both Brent and West Texas Intermediate (WTI) contracts. The conflict in West Asia again overshadowed the ceasefire pledge, with investors watching for any disruption to crude flows through the narrow waterway that handles a large share of global seaborne oil exports.

Crude oil prices: latest Brent and WTI market levels

According to Investing.com data, Brent crude oil futures were up 0.65% at $97.02 per barrel at 7:25 am (IST) on 9 April, compared with $96.39 at the previous close. At 7:26 am (IST), US benchmark WTI crude was trading 2.74% higher at $97.02 per barrel, from $94.41 earlier.

The latest spike followed a sharp fall the previous day, when optimism briefly returned after Trump announced a two-week ceasefire deal with Iran. During the 8 April session, Brent crude dropped to $90.40 per barrel, while WTI slipped to $91.85 after opening at $97.10 per barrel.Crude oil prices and West Asia conflict after Israel strikes Lebanon.

That brief relief rally faded as reports emerged late on 8 April of new Israeli military operations. Israel reportedly launched a large wave of attacks in Lebanon, which killed at least 182 people, adding stress to the fragile ceasefire that had been announced six weeks after the conflict began on 28 February.

Oil markets remain volatile as the confrontation in West Asia evolves. The Strait of Hormuz, critical for crude shipments, sits at the centre of these concerns. With Israel’s actions testing trust between the United States and Iran, traders fear that any breakdown in the deal could affect supply routes and insurance costs.

Crude oil prices, Hezbollah response and Iran’s ceasefire concerns

Israel’s operations in Lebanon are closely watched in Tehran because Hezbollah, the powerful armed group based there, is backed by Iran. Analysts view the latest strikes as part of a proxy confrontation, with Iran seeing attacks on Hezbollah as undermining the spirit of the ceasefire understanding, even if not always breaching its written terms.

Hezbollah has signalled it will not ignore the latest events. Recent reports said the group fired rockets into northern Israel in retaliation for perceived ceasefire breaches. The BBC reported that the Iran-backed organisation warned it would keep attacking until “Israeli-American aggression” against Lebanon ends, adding another layer of risk for energy traders.

Crude oil prices and diplomatic efforts on US-Iran 10-point plan

Diplomatic activity is continuing alongside the fighting. Citing a BBC report, officials said White House Press Secretary Karoline Leavitt announced that Vice President JD Vance will head a negotiating team to Pakistan on Saturday. The delegation is expected to discuss further peace efforts, as Washington and Tehran still diverge on a proposed 10-point framework.

This trip was disclosed a day after Trump wrote on Truth Social that Iran’s 10-point proposal is considered “a workable basis on which to negotiate.” However, differences between the United States and Iran over the details of that plan continue, leaving energy markets sensitive to every announcement linked to talks or military action in the region.

With diplomacy uncertain and violence continuing in Lebanon and around Israel, traders remain wary about crude supply security through the Strait of Hormuz. The latest price swings in Brent and WTI underline how quickly sentiment shifts, keeping import-dependent countries and global investors alert to further developments in West Asia and the status of the ceasefire deal.