Oil climbs as Iran US talks resume

Global oil prices rose today as indirect negotiations between Iran and the United States resumed in Switzerland. Brent crude reached $81.09 per barrel, an increase of 1.3%, while West Texas Intermediate rose to $77.85, up by 1.71%. This increase comes amid market anticipation of developments in the negotiations aimed at ending the military conflict and lifting the naval blockade in the Strait of Hormuz, despite ongoing concerns over the parties' compliance and the escalation of tensions in the region.

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