Oil jumps as Iran-US talks stall, Hormuz flows constrained

Oil prices rose sharply as stalled negotiations between the United States and Iran and limited transit through the Strait of Hormuz tightened global supply.

Brent crude climbed to about $107.55 a barrel, while US West Texas Intermediate rose to around $96.42.

Analysts said reduced shipments through the Gulf and uncertainty over diplomacy are increasing pressure on energy markets, raising concerns about further price volatility in the coming days.