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The Economic Times
The Economic Times
Business

RARE PHOTOS: Oil prices settle higher on slow progress in us iran peace talks | Vintage Vibes

Oil Iran United States Marco Rubio Strait of Hormuz uranium Economy NATO Pakistan

Oil prices climbed on Friday, as investors worried that the U.S. and Iran would be unable to reach a peace agreement that would allow shipping traffic to return to normal in the Strait of Hormuz.

Brent crude futures settled at $103.54 a barrel, up 96 cents, or 0.94%. U.S. West Texas Intermediate futures finished at $96.60 a barrel, up 25 cents or 0.26%. Both had risen over 3% earlier in the session.

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