U.S. Crude Futures Surge Over $1 to $98 Amid Iran Talks Uncertainty

U.S. crude futures rose over $1 to $98 a barrel at the market open, driven by heightened uncertainty surrounding ongoing peace talks with Iran. This situation has intensified concerns about potential supply disruptions, impacting the energy market's risk appetite. Crude oil prices are particularly sensitive to geopolitical tensions in the Middle East, where Iran plays a significant role in global oil supply dynamics. Traders will closely watch for developments in the Iran negotiations, particularly any announcements regarding sanctions or production levels that could influence supply forecasts.

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