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Global oil prices rise as US-Iran talks stall
Global oil prices rose by more than 1% due to the failure of efforts to reach a peace agreement between the United States and Iran, after Trump's rejection of Iran's proposal to establish a seven-day ceasefire. He considered that Iran is suffering significant losses due to the closure of the Strait of Hormuz, which the United States controls. The price of Brent crude increased to $105.64 per barrel, while West Texas Intermediate reached $93.11. Tensions in the region are escalating because Iran insists on reaching an agreement and has imposed sanctions around the Strait, through which large volumes of oil pass.
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