Iran / United States (Commerce Desk) Crude oil prices in the global market have increased following speculation about possible talks between Iran and the United States.
According to international media, Brent crude oil rose to $81.27 per barrel. Similarly, US West Texas Intermediate (WTI) crude also increased to around $77 per barrel.
In recent days, both benchmarks had remained relatively stable with slight fluctuations, but renewed political speculation has once again triggered volatility in the market.