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.
