Oil prices rise for third day in a row as Iran ceasefire talks stall

“Oil prices rise for third day in a row as Iran ceasefire talks stall Oil prices have risen for a third day in a row as hopes for a deal to get ships moving through the Strait of Hormuz cooled. US President Donald Trump said the month-old ceasefire with Iran was “on life support” after Tehran's response to a US plan to end the war made clear the sides were far apart. Brent crude futures LCOc1 were up almost four percent on Tuesday to about $108 a barrel. Stocks have fallen. In Europe, the STOXX 600 .STOXX, which is still only four percent below late February's record high, was down 0.6 percent, while US stock futures for the S&P 500 ESc1 and Nasdaq NQc1 were down 0.4 percent and 0.9 percent, respectively.

Summary generated from the RSS feed of Middle East Eye. All article rights belong to the original publisher. Click through to read the full piece on www.middleeasteye.net.