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Oil prices rise as US-Iran peace talks stall

 Published: 11:35, 27 April 2026

Oil prices rise as US-Iran peace talks stall

Oil prices rose on Monday morning in Asia after plans for a second round of peace talks between the US and Iran stalled again.

Brent, the global benchmark, rose by 1% to $106.50 (£78.66) a barrel, while US-traded crude was up by 1% at $95.40.

It comes after US President Donald Trump said on Saturday that Washington had cancelled plans to send a team to Pakistan for negotiations with their Iranian counterparts.

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