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Times of India
The Economic TimesCrude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150?
Crude oil prices surged to near $115 per barrel, the highest since June 2022, driven by escalating Iran conflict tensions and supply risks. Analysts warn that prolonged disruptions and stalled negotiations could push prices towards $150, with the Strait of Hormuz remaining a key flashpoint for global energy markets.
Stalled Peace Talks Push Oil Toward $115 As Gas Hits New Record - Tampa Free Press
The cost of crude oil continued its steady climb Wednesday morning, as the international benchmark Brent Crude approached the $ 115-per-barrel mark. This upward trend in the energy market is translating directly to American wallets, with the national average for a gallon of gasoline jumping to $4.23 on Wednesday. According to data from AAA, this […] Stalled Peace Talks Push Oil Toward $115 As Gas Hits New Record
The negotiations to end the Iran war seem to be in a dead end, causing oil prices to continue to rise, and the DAX could only barely defend the 24,000-point mark.
Oil prices rose on Monday as talks to end the war in Iran appeared to be deadlocked and the critical Strait of Hormuz remained closed. Although the White House said Donald Trump and his team were considering Tehran's latest proposal to restore navigation through the sea passage, CNN and the Wall Street Journal reported that the US president appeared wary. The Islamic Republic this week submitted a plan that reportedly envisages easing the blocka…
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