Oil prices rise after U.S.-Iran flareup; Qatar talks in focus

AI Summary

Oil prices increased following a recent flare-up between the U.S. and Iran, raising concerns over their peace deal. Both countries have agreed to continue talks in Qatar this week to address tensions.

Oil prices rose in Asian trade on Monday after a weekend flareup in U.S.-Iran hostilities cast doubts over their peace deal, although both sides reportedly committed to more talks in Qatar this week. Brent Oil Futures for August rose 0.65% to $72.46 a barrel by 00:10 ET (04:10 GMT), while West Texas Intermediate crude futures ...