Oil Prices Climb to Two-Week Peak Amid Iranian Deadlock
Oil prices surged nearly 2%, climbing to a two-week high amid stalled U.S.-Iran negotiations and ongoing shipment restrictions in the Strait of Hormuz. Brent crude rose by $2.16 per barrel to $107.49, marking six consecutive days of gains, while U.S. WTI increased by $1.32 to settle at $95.72.