Oil Prices Fluctuate as U.S. and Iran Confirm Upcoming Talks in Oman

Oil prices experienced volatility amid developments in U.S.-Iran talks scheduled for Friday in Oman. Prices rose about 3% after reports suggested the talks might be canceled but fell following confirmations that discussions would proceed, easing fears of military conflict. Iran is open to discussing its nuclear program, while the U.S. seeks broader talks including missile programs and regional activities. Despite the talks, concerns about potential U.S. strikes and oil supply disruptions through the Strait of Hormuz remain.