Oil prices rise higher as Iran denies US talks, dimming deescalation hopes
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Oil prices jumped past $104 per barrel after Iran denied US negotiations, raising concerns about Middle East conflict escalation.
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Higher crude oil prices increase gasoline costs at the pump and raise airline and shipping expenses that get passed to consumers through higher ticket and goods prices.
AI Summary
Oil prices surged past $104 a barrel for Brent crude as Iran denied reports of ongoing negotiations with the United States, signaling a breakdown in diplomatic efforts to de-escalate regional tensions. The denial extinguished market hopes for a negotiated resolution to the broader US-Israel conflict with Iran, which has repeatedly driven energy prices higher due to supply concerns in the Middle East. Rising crude costs ripple through global economies, affecting everything from gasoline prices at the pump to airline and shipping expenses. The price spike reflects investor fears that without diplomatic progress, the military standoff could intensify, potentially disrupting oil production or shipping routes in one of the world's most critical energy regions. Markets now appear to be pricing in a prolonged period of elevated geopolitical risk rather than a near-term settlement.
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FinanceOil rises as markets assess supply risk after Iran denies US talks - Reuters
<a href="https://news.google.com/rss/articles/CBMitwFBVV95cUxQNTAzcnlQVGZUNHlIbmhqMWt0ZS1sN3RYclMyTGd1endqLVhRTkJ5N2tVaG9ZODlQUjhRMTlWcmFCQmtUOXlqVVRROUM4SXNoQUJJRUZHeUlkTXYtQzN3QzJmSmV2dGw1U2RyaXNiblRsQkptWFpZampBeXZEVmlyVVhpaW9tdVd1WldBRDQzRnl0bFgzbi1iODJhVzlrVXF6ZHV4ZnMxakxoOUljZXl2TUd0TjRjaGs?oc=5" target="_blank">Oil rises as markets assess supply risks after Iran denies US talks</a> <font color="#6f6f6f">Reuters</font>
FinanceOil, stock trading spikes before Trump's Iran remarks spark insider trading suspicions
Thousands of oil contracts -- a far higher volume than normal -- were traded 15 minutes before Trump pledged to halt strikes on Iranian energy infrastructure, sending prices tumbling. Traders who bet on prices dropping ahead of the announcement would likely have profited from Trump's sudden reversal, prompting analysts to question whether some market participants had acted on prior information. FRANCE 24's Yinka Oyetade speaks with Meziane Lasfer, Professor of Finance at Bayes Business School, City University.
PoliticsUS may remove sanctions on Iranian oil stranded in tankers, treasury secretary says
<p>US treasury secretary says actions will increase oil supply and bring down prices, but long-term effects in question</p><p>The US may soon remove sanctions on Iranian oil stranded on tankers at sea, the treasury secretary, Scott Bessent, said on Thursday as Washington seeks to curb prices soaring over Iran’s closure of the strait of Hormuz.</p><p>“In the coming days, we may un-sanction the Iranian oil that’s on the water. It’s about 140m barrels,” Bessent said during an appearance on Fox Business Network’s Mornings with Maria.</p> <a href="https://www.theguardian.com/us-news/2026/mar/19/us-sanctions-iranian-oil-hormuz">Continue reading...</a>
GlobalIran War Fallout: Southeast Asia Hard Hit by Skyrocketing Fuel Prices
Across Southeast Asia, a region heavily dependent on energy exports brought via the Strait of Hormuz, lives are being upended by higher oil and gas prices.
FinanceOil prices ease and stocks jump after Trump says Iran is talking with the US, despite Iran's denials - AP News
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GlobalLive updates: Oil rises to $110 as Israel strikes Iran during Persian new year - CNN
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