Oil prices climb towards $110: Brent, WTI continue to rise as US-Iran peace talks stall

Oil prices surged Tuesday, extending Monday’s gains as stalled US-Iran peace efforts and Strait of Hormuz disruptions pressured market sentiment. WTI Crude and Brent Crude saw notable increases, driven by constrained Middle East oil flows and ongoing geopolitical tensions. Investor focus remains on diplomatic developments and central bank policy signals.