Despite widespread hope of a peace deal, US-Iran talks appear to have stalled. Iran suspended peace talks on Monday and threatened the full closure of

Oil prices jumped and equities struggled on Monday as Middle East peace talks stumbled and tensions mounted between Iran and the United States.Crude futures shot around seven…

Oil prices sharply rose on Monday afternoon as Iran suspended all indirect talks with the US and vowed to fully close the Strait of Hormuz.

A US-Iran diplomatic breakthrough that oil markets assumed was within reach last week now looks less likely amid escalating rhetoric and military actions.

Despite widespread hope of a peace deal, US-Iran talks appear to have stalled. Iran suspended peace talks on Monday and threatened the full closure of