Oil climbs amid stalled US-Iran talks

Oil prices have risen significantly due to limited progress in negotiations between the United States and Iran regarding escalating tensions in the Middle East. The futures contract for Brent crude increased by 3.17% to $106.35 per barrel, while West Texas Intermediate rose by 2.56% to $94.52. Amid ongoing tensions, Asian oil imports have reached their highest levels since the start of the Iran war, reflecting pressures on global prices as the market awaits political developments and global demand.

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