Financial Mirror

Iran exit from talks could push Brent to $100/b

Brent crude looks set to move above $100 and potentially stay there for a while, according to the CEO of a leading financial advisory, after reports that Iran has halted negotiations with the United States and threatened to close the Strait of Hormuz. Oil prices were sharply higher and raised fresh doubts about how quickly the conflict can be brought under control. The latest escalation comes as markets are being forced to confront a possibility many had been reluctant to fully embrace: that the conflict could last far longer than expected, keeping pressure on energy prices and inflation worldwide. “Iran The post Iran exit from talks could push Brent to $100/b appeared first on Financial Mirror .

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