Oil prices continued to climb on Tuesday, as peace talks between the United States and Iran appeared to be at an impasse, with negotiators deadlocked over proposals to reopen the Strait of Hormuz to tanker traffic and curb Iran’s nuclear program.
Crude oil prices have risen steadily over the past week as negotiations stalled over an uneasy truce. International benchmark Brent crude has gained in six of the last seven trading sessions: It is more than 40 percent higher than it was before the first US-Israeli strikes on Iran in late February.
However, stock markets are trading near record highs as corporate earnings have remained largely resilient. A batch of financial reports due this week from the biggest technology companies that have spent hundreds of billions of dollars on artificial intelligence systems will be closely watched.
