Oil climbs over 1% on US-Iran talks

Oil prices rose by over 1% ahead of potential talks between the United States and Iran on the sidelines of the United Nations General Assembly meetings, as the market anticipates diplomatic developments that could influence prices. November Brent crude increased by 1.12%, reaching $101.46 per barrel, while West Texas Intermediate also rose to $96.55, after several sessions of decline. This comes amid escalating threats between Washington and Tehran, although the U.S. President expressed willingness to meet with the Iranian counterpart. Investors are now watching closely for the outcome of negotiations, which could lead to either stability or further fluctuations in prices.

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