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Brent Oil Balloons 2% During Asian Session After US-Iran 2nd-Round Talks Stall
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Oil prices ascended during the Asian session. New York oil futures for June delivery last climbed 1.8% to US$96.14, while Brent oil futures for June delivery ballooned 2% to last at US$107.46. No progress has been made on plans for a second round of US-Iran talks. Iran's Revolutionary Guard also boarded two cargo vessels near the Strait of Hormuz. US President Donald Trump canceled plans to send US envoys Steve Witkoff and Jared Kushner to Pakistan for negotiations with Iran last Saturday (25th). Iranian Foreign Minister Abbas Araghchi visited Pakistan on the same day, but only met with Pakistani officials before leaving. Auto-translated by AI AASTOCKS Financial News |
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