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Oil prices rise as U.S.-Iran talks stall

financeMay 12, 20263287

President Trump said the U.S. cease-fire with Iran was on 'life support,' and Brent and WTI crude rose more than $2 as talks stalled. Traders pointed to the Strait of Hormuz remaining largely closed and renewed supply worries, prompting investors to adopt a cautious stance. That matters because higher crude prices raise energy costs and put additional pressure on global markets sensitive to Middle East disruptions.

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