Oil Prices Surge 4% Amid Stalled US-Iran Talks
Qiyas summary
Global oil prices rose by 4% after US President Donald Trump rejected an Iranian proposal to resolve the dispute and reopen the Strait of Hormuz, escalating regional tensions.
Translated by Qiyas from النهار — Original source
Brent crude prices rose 4% after U.S. President Donald Trump rejected an Iranian proposal to resolve the dispute between the two sides and reopen the Strait of Hormuz, signaling continued tensions in the Middle East. Brent crude futures rose $4.31, or 4.13%, to $108.60 per barrel, while the U.S. West Texas Intermediate (WTI) crude benchmark reached $96.20 per barrel, up $3.90, or 4.2%.
