U.S.-Iran Peace Talks Stall as Oil Prices Remain Elevated

Diplomatic efforts aimed at ending the conflict between the United States and Iran are continuing, but significant differences remain between the two sides. Regional mediators have been working with Washington and Tehran on proposals that could reopen the Strait of Hormuz and ease restrictions affecting Iranian oil exports. However, the United States is seeking progress on nuclear-related issues, including access for international inspectors, as part of any broader agreement. The uncertainty surrounding the negotiations has continued to affect global energy markets. Brent crude was trading around $98 per barrel on Thursday after rising more than 14 percent during September. The Strait of Hormuz is a critical route for international energy shipments, making developments in the region important well beyond the Middle East. Despite ongoing diplomatic contacts, no final agreement has been announced, and the timing and sequence of concessions remain among the major obstacles separating the two sides.