Oil prices rise as talks with Iran break down
Crude prices increase after the US cuts off negotiations with Iran, with Tehran stating the Strait of Hormuz will remain closed.
- US cuts off talks with Iran
- Tehran states the Strait of Hormuz will remain shut
- Oil prices rise following the breakdown in negotiations
Sources
- Semafor — Oil prices rise as Trump cuts off talks with Iran
- France 24 — Trump says no Iran talks planned, insists Strait of Hormuz remains open
- Al Jazeera — Trump says no talks planned with Iran amid anger over Iran-Oman Hormuz deal
- Semafor — Trump nixes Iran talks as stalemate persists
- Semafor — White House weighs how to achieve Iran’s ‘economic isolation’