Oil prices rise amid stalled US-Iran peace talks

Author: John PowerPublished on: April 27, 2026Country: United States

PoliticsBusiness & Economy

Oil prices rise amid stalled US-Iran peace talks

Oil prices rose by more than 2% as peace talks between the United States and Iran stalled. Brent, the primary benchmark for global prices, stood at $106.99 as of 1:30 GMT. Iranian Foreign Minister Abbas Araghchi left Islamabad for Saint Petersburg, Russia, for talks with President Vladimir Putin, as Tehran's threats against commercial shipping in the Strait of Hormuz paralyze a large portion of the world's oil and natural gas supply.

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