Oil prices continued to climb on Tuesday, as peace talks between the United States and Iran appeared at an impasse, with negotiators deadlocked over proposals to reopen the Strait of Hormuz to tanker traffic and restrict Iran’s nuclear program.
The price of crude oil has risen steadily over the past week, as talks have stalled during an uneasy cease-fire. Brent crude, the international benchmark, has posted gains in six of the past seven trading sessions: It remains more than 40 percent higher than it was before the first U.S.-Israeli strikes on Iran in late February.
Stock markets are trading near record highs, however, as corporate earnings have been largely resilient. A batch of financial reports due this week from the largest technology companies, which are spending hundreds of billions of dollars on artificial intelligence systems, will be closely watched.
