Global oil prices top $95 a barrel and log best day in a month despite Trump saying peace talks with Iran have resumed following a pause

Global oil prices jump 7% to top $97 a barrel after Iran reportedly suspends talks with U.S. and fully closes…

Iran halts U.S. talks, threatens Strait of Hormuz closure; WTI crude +7% to $97.51/barrel on geopolitical escalation. Higher energy costs and supply-chain volatility directly pressure data center economics and cloud spending budgets for enterprise IT.