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NEW YORK, United States — Oil prices rose and stock markets moved unevenly on Monday as the prospect of Iran peace talks remained stalled. This was ahead of a week full of central bank decisions and corporate earnings.
Iranian Foreign Minister Abbas Araghchi’s visit to Islamabad had fanned hopes for new negotiations with Washington at the weekend. But US President Donald Trump scrapped a planned trip by envoys on Saturday.
Both main international oil contracts pushed higher, with Brent crude rising to more than $108 a barrel as the crucial Strait of Hormuz waterway remained largely closed. However, lingering hopes that a deal could eventually be reached tempered gains.
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