US-Iran Stalemate Sends Oil Prices Up

US-Iran stalemate sends oil prices up

WASHINGTON — President Donald Trump said Monday that a ceasefire with Iran was "on life support" after he rejected Tehran's response to a U.S. peace proposal, fueling concerns of a resumption of hostilities in the 10-week-old conflict that has killed…

U.S. and Iran Are Locked in a Stalemate

“The U.S. and Iran are locked in a diplomatic stalemate over issues that have bedeviled the two sides for years, as the conflict settles into a gray zone that is neither war nor peace,” the Wall Street Journal reports. “The cease-fire is entering its second month and, despite sporadic violence, has now lasted almost as long as the fighting which preceded it. There is little to indicate that either the U.S. or Iran is ready to compromise, but nei…

Oil prices jump on latest US-Iran peace process impasse

LONDON: Oil prices rose by more than 3% on Tuesday as stark differences between the U.S. and Iran on a proposal to end the war in the Middle East pushed supply concerns back into the spotlight. Brent crude futures gained $3.47, or 3.3%, to $107.68 a barrel by 1045 GMT and U.S. West Texas Intermediate CLc1 was up $3.54, or 3.6%, at $101.61. Both benchmarks climbed nearly 3% on Monday. “After both sides rejected each other’s negotiation proposals,…