Oil Prices Hit Two-Week High Amid Iran–US Talks Stalemate

Global oil prices have surged to their highest level in two weeks as stalled negotiations between Iran and the United States heightened concerns over supply disruptions.

According to market data, Brent crude oil rose by $2.90 per barrel, reaching $109.20, while West Texas Intermediate (WTI) increased by $1.97 to $97.31 per barrel.

Media reports indicate that the lack of progress in Iran–US peace talks, combined with restricted shipments through the Strait of Hormuz, has intensified pressure on global oil supply, pushing prices upward.

The Strait of Hormuz, a critical route for global energy shipments, has remained a focal point amid rising geopolitical tensions. Any disruption in this corridor significantly impacts international markets.

Meanwhile, Iran has reportedly presented new proposals to Washington regarding a ceasefire and the reopening of the Strait of Hormuz. The United States is expected to review these proposals, raising cautious hopes for a potential easing of tensions and stabilization in global oil markets.