Oil climbs nearly 2% as US-Iran peace talks stall - Reuters
Oil climbs nearly 2% as US-Iran peace talks stall Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
""This move puts the ball squarely back in Iran’s court, and the clock is now ticking loudly.""
— Tony Sycamore , Other
""The economic risks are larger than our crude base case alone suggests because of the net upside risks to oil prices, unusually high refined product prices, products shortages risks, and the unprecedented scale of the shock.""
— Daan Struyven , Academic
"This move puts the ball squarely back in Iran’s court, and the clock is now ticking loudly."
— Tony Sycamore , Other
"The economic risks are larger than our crude base case alone suggests because of the net upside risks to oil prices, unusually high refined product prices, products shortages risks, and the unprecedented scale of the shock."
— Daan Struyven , Academic
"I am in the group of those who think it is about weakening China."
— Zineb Zineb Riboua , Academic
"What’s really needed is for flow to resume through the Strait of Hormuz."
— Mike Wirth , Executive
"The Strait of Hormuz to reopen and urged an immediate ceasefire."
— Xi Jinping , Politician
Key People
Abbas Araghchi is the Foreign Minister of Iran.
Abbas Araqchi is an Iranian Foreign Minister.
Research analyst at Goldman Sachs.
Former president of the United States known for his aggressive economic policies.
Chairman and CEO of Chevron.
Russian Foreign Minister warning against US actions towards Iran.
IG Markets analyst providing insight on market trends.
Vladimir Putin is the President of Russia.
Xi Jinping is the General Secretary of the Communist Party of China and President of China.
A research fellow at the Hudson Institute specializing in Chinese influence in the Middle East and North Africa.
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<a href="https://news.google.com/rss/articles/CBMioAFBVV95cUxQQU9lWjRuUWhQNDE1NjUtYmRBUk5ZN0lQc2dmaG5JMlY0RlBDYmlibmUtM0llNGNrUkNkRlp6WXJSV1ZIcjJkdXNFNTFlMGRnV09TR0twYWp5aU1LeGpLcUZQaGZveHBwc3pqd05HNmdBTVVOa3FReGZTWndOblR0cmFVWF9mOXJKR3ZDS3UtOEtLNzR3UndpaU14Y1dqN3VW?oc=5" target="_blank">Oil climbs nearly 2% as US-Iran peace talks stall</a> <font color="#6f6f6f">Reuters</font>
Oil prices rose nearly 2% as stalled U.S.-Iran peace talks and limited shipments through the Strait of Hormuz tightened global oil supplies.
Brent crude futures rose $2.16, or 2.05%, to $107.49 a barrel, the highest since April 7, amid stalled U.S.-Iran peace talks and limited shipments through the Strait of Hormuz.
Oil prices surged nearly 2% as stalled U.S.-Iran peace talks and limited Strait of Hormuz shipments tightened global supplies. Brent crude reached $107.49 a barrel, its highest since April 7.
Brent crude rose more than 2% after Washington and Tehran failed to hold a second round of talks in Pakistan, leading to higher oil prices.
Oil prices extended gains on Monday, rising nearly 2% as peace talks between the U.S. and Iran stalled while shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight.
Brent crude futures rose $2.16, or 2.05%, to $107.49 a barrel, the highest since April 7, amid stalled U.S.-Iran peace talks and limited shipments through the Strait of Hormuz.
Oil prices extended gains on Monday, rising nearly 2% as peace talks between the United States and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global supplies tight.
Oil prices rose sharply in early Asian trade on Monday, extending strong gains from last week as the U.S. and Iran made little progress towards holding peace talks, while flows through the Strait of Hormuz remained scant.
Oil prices surged nearly 2% as stalled U.S.-Iran peace talks and limited Strait of Hormuz shipments tightened global supplies.
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