Brent crude holds above $107 as tensions persist

Oil prices rose as hopes for renewed talks between the United States and Iran faded, with Brent crude climbing above $107 a barrel.

The gains reflect ongoing uncertainty over supply disruptions linked to tensions around the Strait of Hormuz.

Despite the diplomatic setback, Asian markets showed resilience, with Japan’s Nikkei 225 and South Korea’s KOSPI both opening higher as investors remained cautiously optimistic.