Oil hits 3-week high on stalled US-Iran talks

Oil prices have surged to a three-week high as US-Iran peace talks stall, according to The Guardian. The market reaction underscores the persistent volatility and risk premium tied to the ongoing conflict in the Persian Gulf. This price jump follows earlier reports that negotiations have failed due to Washington's 'excessive' demands, as stated by Iran's foreign minister. The stalled diplomacy leaves the region on edge, with no clear path to de-escalation.