Oil Prices Surge After US-Iran Talks in Islamabad Fail to Yield Breakthrough

Global oil prices have surged following a lack of progress in negotiations between the United States and Iran held in Islamabad, raising concerns in international energy markets.

According to reports from Singapore, crude oil prices jumped by nearly 9% after the talks concluded without any agreement, signaling increased uncertainty over future supply.

In the global market, Brent crude oil rose to around $103 per barrel, while West Texas Intermediate climbed above $105 per barrel.

Meanwhile, United Arab Emirates Murban crude saw a slight decline of about 1%, trading at approximately $98 per barrel.

Analysts say the failure to secure a deal has heightened geopolitical tensions, contributing to volatility in oil markets and pushing prices upward as investors react to potential supply disruptions.