Oil prices rose more than 1% as markets reassessed geopolitical risk after US President Donald Trump rejected Iran’s peace proposal, leaving the prospect of a diplomatic breakthrough remote. Traders also watched a fresh rise in Iran-backed Houthi attacks on Saudi Arabia and a surge in crude exports from major Middle Eastern producers, which together underscored how fragile regional supply conditions remain.
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"Oil Rebounds as US-Iran Peace Talks Stall and Hormuz Risk Persists"
Oil prices rose more than 1% as markets reassessed geopolitical risk after US President Donald Trump rejected Iran’s peace proposal, leaving the prospect of a diplomatic breakthrough remote. Traders also watched a fresh rise in Iran-backed Houthi attacks on Saudi Arabia and a surge in crude exports from major Middle Eastern producers, which together underscored how fragile regional supply conditions remain.
Oil Rebounds as US-Iran Peace Talks Stall and Hormuz Risk Persists
R
RDU Global Wire
Macro Economy & Fiscal Policy Desk
New Delhi, India Just now (03:25 AM IST)•4 min read
Oil prices rose more than 1% as markets reassessed geopolitical risk after US President Donald Trump rejected Iran’s peace proposal, leaving the prospect of a diplomatic breakthrough remote. Traders also watched a fresh rise in Iran-backed Houthi attacks on Saudi Arabia and a surge in crude exports from major Middle Eastern producers, which together underscored how fragile regional supply conditions remain.
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