Brent crude surpasses $90 amid stalled Iran-US talks

There was a significant increase in oil prices, with the price of Brent crude surpassing $90 per barrel. This comes as fears persist about the potential continuation of the crisis in the Strait of Hormuz due to conflicting demands between Iran and the United States, reflecting market expectations of long-term impacts on oil supplies. Brent crude prices rose by 2.46% to reach $89.88, while West Texas Intermediate crude increased by 2.67% to $84.32. These developments highlight regional tensions and expectations of disruptions that could influence global energy prices.

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