Oil prices briefly surged 5% Wednesday evening, according to market reports, driven by nervousness over US-Iran peace talks. The spike is the latest in a volatile period as the diplomatic track between Washington and Tehran continues to develop.
Oil prices briefly spiked 5% Wednesday evening on jitters related to ongoing US-Iran peace talks, according to market reports. The move marks the latest sharp swing in energy markets this week, following an oil decline earlier Wednesday on peace-deal hopes (as The Zioneer reported at 12:16), and a drop of more than 5% Tuesday evening on sanctions-easing speculation. The spike was short-lived, with prices retreating from their peak within the session. No immediate official statement from Washington or Tehran has been issued regarding the content of the talks that triggered the volatility.
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