Oil prices saw a rise on Monday morning in Asia after plans for a second round of peace talks between the United States and Iran once again stalled. Brent crude, the global benchmark, increased by 1% to $106.50 (\u00a378.66) a barrel, while US-traded crude was also up by 1% at $95.40.<\/p>\n
This development follows US President Donald Trump’s announcement on Saturday that Washington had canceled plans to send a team to Pakistan for negotiations with their Iranian counterparts. Global energy supplies have been under intense pressure since the start of the Iran conflict, as the crucial Strait of Hormuz waterway was effectively closed after Iran threatened to attack ships in retaliation for US and Israeli airstrikes on the country.<\/p>\n
Iranian Foreign Minister Seyed Abbas Araghchi stated on Sunday that “important discussions on bilateral matters and regional developments” were ongoing with Oman, a neighboring country along the strait. He posted on social media, emphasizing, “Our focus included ways to ensure safe transit that is to benefit all dear neighbors and the world. Our neighbors are our priority.” Araghchi arrived in St. Petersburg on Monday with the aim of meeting and holding talks with Russian President Vladimir Putin, as reported by Iranian state-run news agency Irna.<\/p>\n
Approximately one-fifth of the world’s crude oil and liquefied natural gas (LNG) typically passes through the Strait of Hormuz. Brent crude has risen by more than 10% since Trump announced last week that he would extend a ceasefire with Tehran to give its leadership a chance to present a “unified proposal.”<\/p>\n
Economics lecturer Goh Jing Rong from the Singapore Management University noted that traders appear less reactive to the latest headlines and are awaiting “credible” evidence of the conflict easing. “I think traders want concrete evidence rather than just a fragile and reversible ceasefire agreement,” Goh said.<\/p>\n
Trump wrote in a Truth Social post on Saturday that there was “too much time wasted on traveling” and “too much work” involved in sending US representatives to Islamabad. The president added that “there is tremendous infighting and confusion” within Tehran’s leadership. “Nobody knows who is in charge, including them,” he stated. “Also, we have all the cards; they have none! If they want to talk, all they have to do is call!!!”<\/p>\n
Major Asian indexes continued to climb, with some hitting new record highs after falling sharply at the start of the conflict. Japan’s Nikkei 225 index gained by 1.5% on Monday, adding to a rise of more than 12% in the past month. The Kospi in South Korea has jumped by more than 20% in the past month, rising by 2.3% on Monday. Japanese and South Korean stocks were initially hit hard as their economies are heavily reliant on energy supplies from the Gulf.<\/p>\n
#OilPrices #USIranRelations #PeaceTalks #StraitOfHormuz #EnergyMarket #Geopolitics #CrudeOil #GlobalEconomy #MiddleEast #MarketAnalysis<\/p>\n","protected":false},"excerpt":{"rendered":"
Oil prices saw a rise on Monday morning in Asia after plans for a second round of peace talks between the United States and Iran once again stalled. Brent crude, the global benchmark, increased by 1% to $106.50 (\u00a378.66) a barrel, while US-traded crude was also up by 1% at $95.40. This development follows US […]<\/p>\n","protected":false},"author":1,"featured_media":4835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-4834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iran_news"],"_links":{"self":[{"href":"https:\/\/vanak.news\/index.php?rest_route=\/wp\/v2\/posts\/4834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vanak.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanak.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vanak.news\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vanak.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4834"}],"version-history":[{"count":0,"href":"https:\/\/vanak.news\/index.php?rest_route=\/wp\/v2\/posts\/4834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vanak.news\/index.php?rest_route=\/wp\/v2\/media\/4835"}],"wp:attachment":[{"href":"https:\/\/vanak.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanak.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanak.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}