Oil prices rise as US-Iran peace talks stall
President Trump said on Saturday that the US had cancelled plans to send a team to Pakistan for negotiations.
Coverage by Political Leaning
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Notable Quotes
""Our focus included ways to ensure safe transit that is to benefit all dear neighbors and the world.""
— Seyed Abbas Araghchi , Politician
""I think traders want concrete evidence rather than just a fragile and reversible ceasefire agreement.""
— Goh Jing Rong , Academic
""I think we're underestimating the extent of which products could be affected by the oil shortage.""
— Sophie Huynh , Executive
""Nobody knows who is in charge, including them.""
— Donald Trump , Politician
"The Strait is still very much under siege, with traffic halted."
— Mona Yacoubian , Activist
"Consolidation above US$100 is the area that we’re heading towards."
— Robert Yawger , Executive
Key People
Abbas Araghchi is the Foreign Minister of Iran.
Former president of the United States known for his aggressive economic policies.
Goh Jing Rong is an economics lecturer at Singapore Management University.
Trump's son-in-law and a special envoy working on Middle Eastern negotiations.
Director of the Middle East Program at the Center for Strategic and International Studies.
Director of energy futures at Mizuho Securities.
Seyed Abbas Araghchi is Iran's Foreign Minister.
Sophie Huynh is a portfolio manager and strategist at BNP Paribas.
A special envoy involved in negotiations with Iran.
Vladimir Putin is the President of Russia.
Tags
All Coverage
President Trump said on Saturday that the US had cancelled plans to send a team to Pakistan for negotiations.
Oil prices extended gains on April 27, rising 2% as peace talks between the United States and Iran stalled while shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight.
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