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Iran war: Brent oil briefly hits $119 as talks stall

Deutsche Welle · · 2036 words · By Richard Connor
Geopolitical Conflict (Iran/Middle East) Energy Markets and Oil Prices US Political/Military Spending
open_in_new Read the original article: https://www.dw.com/en/iran-war-brent-oil-briefly-hits-119-as-talks-stall/live-76…

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Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.
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Name Calling / Labeling 70% confidence
Attaching a negative label to a person or group to reject them without evidence.
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Selective Omission 60% confidence
Deliberately leaving out important context or facts that would change interpretation.

fact_checkFact-Check Results

19 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 9
check_circle Corroborated 5
info Single Source 3
help Insufficient Evidence 2
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“US President Donald Trump on Wednesday hailed the UAE's exit from the OPEC group, just as the price of a barrel of Brent crude briefly rose above $119 (roughly €101.73).”
CORROBORATED
Multiple web search results confirm that Donald Trump spoke about the UAE's exit from OPEC. While the specific details about the $119 price point and the exact date (April 29, 2026) are not independently corroborated, the core events—Trump commenting on the UAE's exit and the context of rising oil prices—are reported by multiple sources (Bloomberg, The Guardian, Al Jazeera).
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wikipedia NEUTRAL — Shipping traffic through the Strait of Hormuz, a major maritime choke point for world energy trade, has been largely blocked by Iran since 28 February 2026, when the United States and Israel launched …
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis
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wikipedia NEUTRAL — The Organization of the Petroleum Exporting Countries (OPEC OH-pek) is an intergovernmental organization and cartel enabling the co-operation of leading oil-producing and oil-dependent countries in o…
https://en.wikipedia.org/wiki/OPEC
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wikipedia NEUTRAL — The price of oil, or the oil price, generally refers to the spot price of a barrel (42 U.S. gallons; 159 liters) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as We…
https://en.wikipedia.org/wiki/Price_of_oil
+ 3 more evidence sources
info
“The UAE announced its decision to quit OPEC and OPEC+ on Tuesday, dealing a blow to the oil producer cartels amid an unprecedented energy crisis.”
SINGLE SOURCE
The evidence provided does not contain multiple independent sources confirming the UAE's decision to quit OPEC and OPEC+ on a specific 'Tuesday.' The evidence is general regarding the UAE's economic status and the 2026 conflict context, but does not confirm the specific timing or the joint exit from both OPEC and OPEC+.
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wikipedia NEUTRAL — Since 28 February 2026, the United States and Israel have been engaged in a war with Iran and its regional allies. The conflict began when the US and Israel launched airstrikes on Iran targeting milit…
https://en.wikipedia.org/wiki/2026_Iran_war
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wikipedia NEUTRAL — Shipping traffic through the Strait of Hormuz, a major maritime choke point for world energy trade, has been largely blocked by Iran since 28 February 2026, when the United States and Israel launched …
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis
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wikipedia NEUTRAL — Libya has a developing economy. It depends primarily on revenues from the petroleum sector, which represents over 95% of export earnings and 60% of GDP. These oil revenues and a small population have …
https://en.wikipedia.org/wiki/Economy_of_Libya
+ 3 more evidence sources
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“US President Donald Trump on Wednesday said he had a "very good conversation" with Russian President Vladimir Putin.”
CORROBORATED
Multiple web search results confirm that Donald Trump spoke about a conversation with Vladimir Putin on Wednesday. One source quotes him saying he would have a 'very good conversation' with Putin, and another mentions a 'lengthy and highly productive' call, confirming the interaction and the positive tone reported by multiple media outlets.
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wikipedia NEUTRAL — The Steele dossier, also known as the Trump–Russia dossier, is a controversial political opposition research report on the 2016 presidential campaign of Donald Trump compiled by counterintelligence sp…
https://en.wikipedia.org/wiki/Steele_dossier
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wikipedia NEUTRAL — "Trump Always Chickens Out" (TACO) is a pejorative description of the perceived tendency of United States president Donald Trump to make threats, only to later delay or renege on them as a way to incr…
https://en.wikipedia.org/wiki/Trump_Always_Chickens_Out
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wikipedia NEUTRAL — Trumpism is the political ideology behind Donald Trump, the 45th and 47th president of the United States, and his political base. It is often used in close conjunction with the Make America Great Agai…
https://en.wikipedia.org/wiki/Trumpism
+ 3 more evidence sources
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“Russian President Vladimir Putin spoke by phone with US counterpart Donald Trump, Putin's diplomatic advisor Yuri Ushakov told reporters Wednesday.”
CORROBORATED
Multiple web search results independently report that Russian President Vladimir Putin spoke by phone with US counterpart Donald Trump on Wednesday, and that the information was relayed by Kremlin aide Yury Ushakov. Sources cite discussions regarding the Ukraine conflict and the Persian Gulf crisis.
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wikipedia NEUTRAL — The 2025 Russia–United States Summit (also known as the Trump–Putin Summit in Alaska) was a summit meeting between United States president Donald Trump and Russian president Vladimir Putin. It was hel…
https://en.wikipedia.org/wiki/2025_Russia–United_States_summ…
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wikipedia NEUTRAL — Putinism (Russian: путинизм, romanized: putinizm) is the social, political, and economic system of Russia formed during the political leadership of Vladimir Putin. It is characterized by the concentra…
https://en.wikipedia.org/wiki/Putinism
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wikipedia NEUTRAL — Vladimir Putin's use of language, characterized by a straightforward style abundant in colloquialisms, greatly contributes to the president's popularity in Russia. The most notable feature of it are "…
https://en.wikipedia.org/wiki/Vladimir_Putin's_language
+ 3 more evidence sources
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“US Defense Secretary Pete Hegseth on Wednesday faced questioning from lawmakers for the first time since the start of the US-Israeli war against Iran.”
SINGLE SOURCE
The evidence provided contains Wikipedia entries about the '2026 Iran war' and 'Twelve-Day War,' but none of the web search results or cross-references mention Pete Hegseth or his questioning by lawmakers. The claim appears to be based on information not present in the gathered evidence.
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wikipedia NEUTRAL — Since 28 February 2026, the United States and Israel have been engaged in a war with Iran and its regional allies. The conflict began when the US and Israel launched airstrikes on Iran targeting milit…
https://en.wikipedia.org/wiki/2026_Iran_war
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wikipedia NEUTRAL — This article chronicles a list of ships attacked, damaged or sunk during the 2026 Iran war.
https://en.wikipedia.org/wiki/List_of_ships_attacked_during_…
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wikipedia NEUTRAL — The Twelve-Day War was an armed conflict between Iran and Israel which lasted from 13 to 24 June 2025. It began when Israel bombed military and nuclear facilities in Iran in a surprise attack, assassi…
https://en.wikipedia.org/wiki/Twelve-Day_War
+ 3 more evidence sources
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“French oil giant TotalEnergies on Wednesday announced its net profit in the first quarter of this year jumped to $5.8 billion (roughly €4.9 billion), some 51% rise owed to higher oil prices due to the Iran war.”
CORROBORATED
Multiple web search results independently report that TotalEnergies announced a significant jump in its first-quarter net profit (around $5.8 billion) and explicitly attribute this increase partly to higher oil prices linked to the Middle East war.
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web search NEUTRAL — TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and is one of the seven supermajor oil companies. Its businesses cover the entire oil and gas chain, …
https://en.wikipedia.org/wiki/TotalEnergies
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web search NEUTRAL — French oil and gas giant TotalEnergies said Wednesday net profit had risen 51 percent in the first quarter to $5.8 billion, boosted by higher oil prices linked to the war in the Middle East ...
https://finance.yahoo.com/sectors/energy/articles/totalenerg…
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web search NEUTRAL — TotalEnergies delivers strong earnings growth, with adjusted net income at $5.4 billion and cash flow at $8.6 billion and announces a 5.9% increase in interim dividend 4% organic production growth ...
https://www.businesswire.com/news/home/20260428950662/en/Tot…
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“The US-Israeli war on Iran could push over 30 million people into poverty, the United Nations Development Program reiterated on Wednesday, with its head describing the war as "development in reverse."”
CORROBORATED
Multiple web search results from different sources (Oman Observer, general UN reports) independently confirm that the head of the UNDP warned that the US-Israeli war on Iran could plunge more than 30 million people into poverty.
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web search NEUTRAL — PARIS: The US-Israeli war on Iran, which has sent the price of energy and fertiliser soaring, could plunge more than 30 million people into poverty, the head of the UN Development Programme said on We…
https://www.omanobserver.om/article/1188799/world/region/ira…
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web search NEUTRAL — The U.S.-Israeli war on Iran has caused a surge in energy and fertilizer prices and could push more than 30 million people into poverty, the head of the U.N. Development Program said Wednesday.
https://www.dailysabah.com/world/un-warns-iran-war-could-plu…
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web search NEUTRAL — More than 30 million people could be pushed back into poverty due to the ongoing Iran war, driven by disruptions in fuel and fertiliser supplies at a critical time for global agriculture, the United N…
https://profit.pakistantoday.com.pk/2026/04/24/iran-war-coul…
info
“The figure was first released by UNDP on April 13, suggesting that even if the conflict had ended at that point, 32 million people would be pushed into poverty in 160 countries.”
SINGLE SOURCE
While multiple web search results reference the UNDP's warnings about poverty, the specific figure of '32 million people' and the date 'April 13' are only clearly presented in one web search result, making it difficult to corroborate the precise historical context of the initial figure.
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web search NEUTRAL — Other countries have reduced fuel taxes to cushion the impact on consumers. The UNDP says the war will have a profound impact on Sub-Saharan African countries as well as certain countries in Asia such…
https://www.dailysabah.com/world/un-warns-iran-war-could-plu…
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web search NEUTRAL — About half of the increase in poverty would be concentrated in 37 energy-importing countries across the Gulf, Africa, Asia and small island developing states.Alexander De Croo, administrator of the UN…
https://timesofindia.indiatimes.com/world/middle-east/iran-w…
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web search NEUTRAL — UNDP warns Iran conflict could push over 30 million people worldwide into poverty, with developing economies bearing the heaviest impact (Getty Images, AP Photo).— United Nations (@UN) April 13, 2026.…
https://news.meaww.com/united-nations-warns-30-million-risk-…
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“A top Pentagon official said that the Iran war has cost the US about $25 billion (roughly €21.37 billion) so far.”
INSUFFICIENT EVIDENCE
No evidence was gathered regarding a top Pentagon official stating that the US cost of the Iran war was approximately $25 billion.
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“European Commission President Ursula von der Leyen has warned the EU's energy bill has surged due to the Middle East conflict.”
INSUFFICIENT EVIDENCE
No evidence was gathered regarding Ursula von der Leyen warning that the EU's energy bill surged due to the Middle East conflict.
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“In just 60 days of conflict, our bill for fossil fuel imports has increased by over €27 billion [$31.6 billion], without one single molecule of energy in addition," von der Leyen said.”
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“Most of Iran’s highly enriched uranium is likely still stored at the Isfahan nuclear complex, the UN nuclear watchdog is cited as saying.”
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“The IAEA said satellite imagery shows the impact of recent US-Israeli strikes, while a large share of uranium was believed to be stored at Isfahan when fighting began and has likely stayed there.”
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“The agency estimates Iran holds about 440.9 kilograms (972 pounds) of uranium enriched to 60%, a short, technical step from weapons-grade levels of 90%.”
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“US President Donald Trump has ordered aides to prepare for an extended blockade of Iran, according to a report.”
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“Iran has warned it could take "punishing" action if the US maintains its naval blockade around the Strait of Hormuz, according to state media.”
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“Brent crude climbed above pre-ceasefire levels while US benchmark West Texas Intermediate broke $100 (€85.50) Tuesday for the first time in two weeks, with both extending gains Wednesday.”
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“Iran's currency has fallen to a record low of 1.8 million rials to the dollar as a fragile ceasefire with the US and Israel holds.”
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“US President Donald Trump has warned Iran to accept US terms for a peace deal as efforts to end hostilities remain stalled.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.