Oil prices jumped on Friday as investors saw few signs of concrete progress in talks to establish a peace deal between the United States and Iran.
Nearly three months since the fighting began, disagreements remain over the fate of Iran’s uranium stockpile and reports that Iran and Oman may impose transit fees on vessels passing through the Strait of Hormuz. The Trump administration has warned against charging ships for passing through the strait, a critical shipping lane for oil and gas.
Under a fragile cease-fire, negotiations over the points of an enduring peace agreement appear far from settled.
