Brent rises 0.5% as U.S. and Iranian diplomats meet over Middle East diplomacy

  • U.S. and Iranian diplomats held talks in New York during the United Nations General Assembly.
  • Brent crude gained 0.5% but remained below $100 a barrel.
  • The meeting was the first between high-level representatives since June.

Oil prices edged higher as investors assessed potential diplomatic progress after U.S. and Iranian diplomats met in New York alongside the United Nations General Assembly. Brent crude rose 0.5% but remained just below $100 a barrel, while West Texas Intermediate moved back above $90. The meeting was the first between high-level representatives from the two countries since June. U.S. President Trump described the talks as very good, while previously telling the assembly that a deal would not come until after the Midterm elections in November. U.S. stock futures and Treasury yields were largely unchanged in early European trading.

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