Oil prices rise as US-Iran peace talks remain fragile
Brent crude rose to $105 as fragile US-Iran talks fueled supply fears. Analysts warn that failing to reach a deal by June may drive prices even higher.
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Brent Crude Oil rose 0.8% to $105.07 as fragile negotiations between the United States and Iran fueled supply fears. U.S. West Texas Intermediate gained 1% following a 2.8% surge across both benchmarks on Monday. Geopolitical tensions over the Strait of Hormuz keep upside risks on the table if no deal emerges by late May.
