Oil heads higher as US-Iran peace talks in stalemate
Brent crude climbed above $106 a barrel as the rejection renewed supply fears and kept Houthi-linked shipping risks elevated, traders said.
- Oil prices rose after U.S. President Donald Trump rejected Iran’s proposal to reopen the Strait of Hormuz and resume nuclear talks.
- Brent crude and West Texas Intermediate crude both rose, although the summaries report different prices.
- Trump said negotiations with Iran could resume this week but did not rule out military action before the U.S. midterm elections.
- Iran insisted that diplomacy was the only way to resolve its conflict with the United States.
360 Articles
360 Articles
While Trump rejects an alleged offer to Iran, Tehran exacerbates its threats. Oil prices continue to rise.
Oil prices rose again on Tuesday as uncertainty over negotiations between the US and Iran is raising fears of higher inflation and shaking global markets. Brent crude, the international benchmark, rose about 2 percent to above $107 a barrel, while US WTI crude rose 1.8 percent to above $94 a barrel. These levels are significantly higher than prices in late February, before the outbreak of the war with Iran, when Brent was trading around $72 a ba…
Fuel Price: Crude oil price drops after Monday's spike
A market survey by DAILY POST showed that Brent and West Texas Intermediate, WTI crude declined to $105 and $92 per barrel, respectively, on Tuesday, after rising to as high as $107 per barrel on Monday. At the weekend, Brent and WTI crude blends jumped amid reports that the United States President had rejected Iran’s […] Fuel Price: Crude oil price drops after Monday’s spike
(New York = Yonhap News) Correspondent Kim Yeon-sook = Despite the U.S. rejecting Iran's '7-day plan' which included proposals such as the reopening of the Strait of Hormuz, the possibility of negotiations between the two sides is being highlighted...
Oil Makes Staggering Move After Blockbuster Developments In Iran
Oil prices surged Monday as fresh developments surrounding Iran rattled global energy markets and renewed fears that the Middle East conflict could keep fuel prices elevated heading into the winter. Brent crude climbed above $107 a barrel while West Texas Intermediate also moved sharply higher as traders reacted to stalled diplomacy, threats of renewed U.S. […]
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