Oil Prices Rise As US And Iran Talks Stall
Oil prices rose around two percent as diplomatic talks between the United States and Iran showed little sign of progress. Investors also weighed uncertainty surrounding a potential US ban on diesel exports.
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Brent Crude Oil rose 2% to $105.11 a barrel on Thursday afternoon as diplomatic talks between the United States and Iran showed little progress. The advance follows reports that Tehran gave Washington one week to meet demands, including lifting naval blockades. Ongoing tensions in the Middle East continue to drive geopolitical premiums across global energy markets.
