Oil prices hit seven-month highs as tensions rise before US-Iran talks
Traders appear to be hedging against worst-case scenario of a conflict between the two nations, analyst saysBusiness live – latest updatesOil prices have reached seven-month highs, as traders reacted to heightened tensions between the US and Iran ahead of nuclear talks this week.US crude futures...
<p>Traders appear to be hedging against worst-case scenario of a conflict between the two nations, analyst says</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/feb/24/trump-new-global-tariffs-trade-latest-business-news">Business live – latest updates</a></p></li></ul><p>Oil prices have reached seven-month highs, as traders reacted to heightened tensions between the US and Iran ahead of nuclear talks this week.</p><p>US crude futures rose to $67.28 a barrel on Monday, while Brent crude touched its highest level since 31 July at $72.50 a barrel. Prices fell back late in the session, but were up again on Tuesday morning, approaching Monday’s highs.</p> <a href="https://www.theguardian.com/business/2026/feb/24/oil-prices-rise-us-iran-talks">Continue reading...</a>
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