Oil Rises as Iran Rejects Direct U.S. Talks, Fueling Market Jitters

Oil rose as Iran rejected direct talks with the U.S., with Brent up 3.8% to $106.12 and WTI up 3.6% to $93.61 as Tehran said talks via mediators aren’t negotiations; Trump claimed talks are ongoing. TD Securities analysts expect the Fed to stay in wait-and-see mode, with potential rate cuts later in 2026 if inflation remains contained.