Oil Prices Rise as Prospects for U.S.-Iran Peace Deal Fizzle

AI Summary

Oil prices spiked as investors reacted to the failure of U.S.-Iran peace talks, contributing to a fluctuating market environment. The anticipation of a deal had previously influenced stock futures negatively.

Oil prices rose and stock futures ticked down on Monday as investors reacted after the two sides failed to agree on a U.S.-Iran peace deal.