The price of Brent crude oil passed $115 per barrel Wednesday while President Donald Trump urged Iran on social media to agree to a nuclear deal.

President Donald Trump on Saturday cancelled plans to send U.S. envoy Steve Witkoff and Jared Kushner to Islamabad, Pakistan for negotiations with Iran.

The latest move higher comes amid reports that the U.S. will look to extend its blockade of Iranian ports.

The price of Brent crude oil passed $115 per barrel Wednesday while President Donald Trump urged Iran on social media to agree to a nuclear deal.