The brief market update says crude climbed as peace talks between the United States and Iran struggled to gain momentum, pointing to renewed concern over geopolitical supply risks.
U.S. oil prices surged to $102 per barrel, according to the source, as peace talks between the United States and Iran struggled to gain momentum. The move indicates that energy markets were reacting to geopolitical uncertainty, which can affect expectations for crude supply and broader risk sentiment across global markets, including digital assets.