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 Iranโs 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.
