Business
Oil climbs as fading US-Iran peace hopes raise supply risks
Brent and WTI crude futures extended gains for a third session as diplomatic efforts broke down and tanker traffic through the Strait of Hormuz remained heavily restricted.
Topic
Crude Oil
Business
Oil prices at near three-week high as US-Iran peace hopes fade
Brent crude reached $91.22 a barrel and WTI climbed to $85.31 as collapsing diplomatic talks and naval blockades permanently reprice Middle East shipping bottlenecks.
News
Global stocks tumble as AI sector sell-off deepens and oil prices rise
Global markets declined as investor skepticism regarding AI tech stocks and rising Brent crude prices pushed major indices lower. The S&P 500 posted its first losing week in three as markets responded to geopolitical tensions and earnings reports.