business ⛽ Oil holds steady as Iran talks face roadblocks
Crude oil prices remained elevated despite initial dips amid reports of Middle East peace efforts. Brent crude was trading at $102.20 per barrel, while WTI stood at $91.43 per barrel at the time of writing. The UN General Assembly saw President Trump threaten Iran with 'annihilation' while also noting productive peace talks. Iranian President Masou Pezeshkian insisted on negotiating but rejected force, citing US 'bullying mentality.' Iran has set conditions like lifting the naval blockade for the Strait of Hormuz to reopen.