Crude prices climb after US-Iran negotiations stall
Global oil prices are rising again after peace talks between the United States and Iran suddenly stalled. Brent Crude jumped over 2%, reflecting fears of supply disruption. Tensions around the Strait of Hormuz, a key global energy route, have further intensified market uncertainty.
Shipping activity in the Strait has sharply declined, while warnings of a potential shutdown of Iran's oil production add to concerns. Donald Trump has highlighted risks to Iran's infrastructure amid a U.S. naval blockade. Experts warn that limited storage capacity could force production halts, pushing global energy markets into renewed volatility.
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