Oil prices rise amid US-Iran tensions and uncertain peace talks.

Oil prices increased as investors reacted to ongoing tensions between the US and Iran. Despite reports of a potential peace agreement, President Trump warned of intensified bombing if Iran refuses to comply, keeping the market on edge. The conflict's duration could impact global economic growth and influence Federal Reserve interest rate decisions. Iran is still reviewing the US proposal, with negotiations remaining fragile and the reopening of the Strait of Hormuz a key focus for stabilizing oil flow.