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INPEX shares edge lower amid WTI crude volatility and Mideast tensions

Mon Apr 20, 2026 10:28 am JST Catalyst

INPEX CORPORATION <1605> softened. Crude oil prices have fluctuated sharply of late amid conflicting market sentiment. On April 17, US West Texas Intermediate (WTI) crude for May delivery plunged $10.84 to $83.85 per barrel, after hitting an intraday low of $80.56. The market slumped following social media posts by Iranian Foreign Minister Araghchi stating the Strait of Hormuz would fully reopen during a ceasefire. However, Iran’s Revolutionary Guards announced the strait's re-closure on the 18th, sending crude prices surging toward $91 per barrel in early Asian trade on the 20th. State media also reported on the 19th that Iran refused second-round talks with the US. With the temporary ceasefire set to expire on the 21st, crude prices remain volatile.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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