U.S.-Iran peace talks appear stalled, with both Washington and Tehran potentially benefiting from a prolonged conflict rather than a rapid settlement, keeping the Strait of Hormuz effectively disrupted.

U.S.-Iran peace talks appear stalled, with both Washington and Tehran potentially benefiting from a prolonged conflict rather than a rapid settlement, keeping the Strait of Hormuz…

Oil prices are likely to rise further as the Strait of Hormuz remains closed, and once it opens, the market will take months to normalize.