Oil prices rose sharply after Switzerland confirmed the postponement of U.S.-Iran talks, raising concerns that renewed fighting in Lebanon could jeopardize efforts to normalize Middle East energy flows.

Oil prices edged higher as investors assessed the implications of a potential U.S.-Iran peace deal and the reopening of the Strait of Hormuz. While an interim agreement was…

Oil prices fell in early trading, post US and Iran interim agreement that would end the war, reopen the Strait of Hormuz and waive US sanctions on Tehran's oil. | World News