Oil markets brace as U.S.-Iran diplomacy wavers and denuclearization talks continue

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Source: Fox News
Oil markets brace as U.S.-Iran diplomacy wavers and denuclearization talks continue
Photo: Fox News
TL;DR Summary

Oil markets stayed volatile as U.S.–Iran diplomacy progressed; Trump said Iran's denuclearization talks are moving along but Tehran won’t meet U.S. negotiators directly, leaving the possibility of renewed military action on the table while crude trades around the high-$60s to $69 per barrel as Doha mediators push talks. The broader Middle East picture includes the UAE posting record oil exports after leaving OPEC and ongoing Hormuz Strait tensions that affect energy flows.

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