Oil Prices Near Seven-Month Highs Ahead of U.S.-Iran Talks Amid Supply Concerns

Oil prices hovered near seven-month highs amid ongoing U.S.-Iran tensions and upcoming talks in Geneva aimed at resolving nuclear and missile disputes. Brent and WTI futures rose modestly, supported by concerns over potential supply disruptions from Iran, a major OPEC producer. While diplomatic efforts continue, U.S. military presence in the Middle East and Iran's reported missile purchases maintain market uncertainty. Rising U.S. crude inventories have limited further price increases, reflecting a complex market outlook.