Oil prices ticked higher on Monday after the United States and Iran failed to agree on a pace deal, keeping the Strait of Hormuz largely closed and raising doubts about the durability of a fragile ceasefire.
Brent crude futures for July delivery were up 2.4 percent at $103.76 a barrel, while WTI crude futures for June delivery rose by 2.2 percent to $97.52 a barrel.
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Market Analysis
Oil Prices Climb Amid Failed US-Iran Peace Talks
2026-05-11 09:34:22
