U.S. Oil Prices Rise Above $96 a Barrel After U.S.-Iran Peace Talks Are Cancelled

U.S. oil prices rose above $96 per barrel, with the source also describing a roughly $3 per barrel increase, after U.S.-Iran peace talks were cancelled or seen as likely to fail. Both reports link the move to growing concern over Washington-Tehran negotiations and the resulting reassessment of potential supply risks tied to Iran. No additional pricing details, contract names, timeline beyond the market reopening, or official statements were provided.

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