London, United Kingdom – Web Desk: Global financial markets showed renewed volatility as stalled negotiations between the United States and Iran fueled concerns over oil supply disruptions, pushing crude prices sharply higher.
According to market data, Brent crude rose nearly 5 percent to approach the $100 per barrel mark, while West Texas Intermediate (WTI) climbed more than 5 percent to trade above $94 per barrel. The surge represents one of the largest single-day gains in recent weeks.
Analysts attribute the rise to escalating geopolitical tensions in the Middle East, particularly uncertainty surrounding Iran and the apparent deadlock in diplomatic efforts. Concerns over potential supply disruptions have intensified, prompting investors to react cautiously.
Market sentiment was further impacted by remarks from U.S. President Donald Trump, who signaled that the ceasefire extension could be reconsidered if negotiations fail. The statement added to investor anxiety and heightened uncertainty across energy markets.
However, following the announcement of a temporary extension to the ceasefire, oil prices eased slightly, with Brent crude slipping back to around $98.97 per barrel.
Economists warn that sustained increases in oil prices could exacerbate global inflationary pressures and slow economic growth. Investors are closely monitoring developments, as continued instability in the region may lead to further fluctuations in energy prices and broader financial markets.
