Oil prices rise as fragile US-Iran talks sustain supply worries
- Posted on May 12, 2026
- By Business News Today
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- 1 min read
Oil prices rise as fragile US-Iran talks sustain supply worries
Oil prices edged up in early Asian trade as fragile U.S.-Iran negotiations highlighted supply concerns, with Tehran's response revealing significant differences. Disruptions through the Strait of Hormuz and OPEC's reduced output further fueled price stability above $100, while U.S. SPR loans and sanctions on Iranian oil shipments aimed to temper the market.
