{
  "id": 10371922,
  "title": "Oil prices rise as US-Iran peace talks hit stalemate",
  "url": "https://urgent.news/2026/09/28/oil-prices-rise-as-us-iran-peace-talks-hit-stalemate-10371922",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-28T05:14:07.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/energy/2026/09/28/oil-prices-rise-as-us-iran-peace-talks-hit-stalemate/"
  },
  "original_language": "en",
  "account": "Oil prices experienced an increase on Monday due to the ongoing deadlock in US-Iran peace talks, with the Strait of Hormuz reopening efforts remaining unsuccessful. Brent, the global oil benchmark representing two-thirds of the world's oil, saw a 2.61% rise to $107.04 per barrel at 8:06 am UAE time. West Texas Intermediate, tracking U.S. crude, gained 1.96% to $94.22 per barrel. The previous week, both benchmarks had dropped over 2% in value. Daniel Richards, a senior economist at Emirates NBD, noted that Brent had re-emerged above $106 a barrel following last Friday's brief relief rally. President Donald Trump had dismissed Iran's proposed seven-day plan to open the Strait of Hormuz, leaving negotiations unresolved and reintroducing a geopolitical premium to crude prices. However, Trump hinted at his willingness to engage in further talks with Tehran this week. \"They want to make a deal, but it is not the deal that I want to make,\" Trump stated in a phone interview with Axios. He added, \"It is what we would have maybe agreed to a year ago. They overplayed their hand.\" Trump also indicated that he was contemplating the possibility of resuming strikes against Iran. Meanwhile, Iranian Foreign Minister Abbas Araghchi responded by stating that Tehran was prepared for a renewed military confrontation with the U.S., while simultaneously remaining open to diplomatic negotiations. \"We are ready for diplomacy. We are ready for war at the same time,\" Araghchi told NBC's Meet the Press. He further emphasized Iran's readiness to face any form of aggression, including a doomsday war. Oil prices have remained volatile amid ongoing peace talks and reports of Saudi Arabia's East-West pipeline reopening following an attack by Houthis, which had previously been shut down in early June. Brent remains around $100 per barrel as the market anticipates a protracted stalemate between the U.S. and Iran. Senior financial market analyst Kyle Rodda of Capital.com suggested that some crude has been exiting the Gulf, and the markets are pricing in a less severe supply shock compared to the early stages of the conflict.",
  "summary": "Oil prices rose on Monday as peace talks between the US and Iran remained at a stalemate , with efforts to reopen the Strait of Hormuz continuing to stall. Brent, the benchmark for two-thirds of the world's oil, was up 2.61 per cent at $107.04 a barrel at 8.06am UAE time. West Texas Intermediate, the gauge that tracks US crude, was trading 1.96 per cent higher at $94.22 a barrel. Both benchmarks…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Oil heads higher as US-Iran peace talks in stalemate",
        "url": "https://urgent.news/2026/09/27/oil-heads-higher-as-us-iran-peace-talks-in-stalemate",
        "published": "2026-09-27T22:29:14.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Oil heads higher as US-Iran peace talks in stalemate",
        "url": "https://urgent.news/2026/09/28/oil-heads-higher-as-us-iran-peace-talks-in-stalemate",
        "published": "2026-09-28T01:17:45.000Z"
      },
      {
        "outlet": "Gulf News",
        "title": "'Positive and constructive' US-Iran talks continuing through mediators, including on nuclear issues: report",
        "url": "https://urgent.news/2026/09/28/positive-and-constructive-us-iran-talks-continuing-through-mediators",
        "published": "2026-09-28T01:41:55.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Oil heads higher as US-Iran peace talks in stalemate",
        "url": "https://urgent.news/2026/09/28/oil-heads-higher-as-us-iran-peace-talks-in-stalemate-10345610",
        "published": "2026-09-28T02:56:25.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Oil heads higher as US-Iran peace talks in stalemate",
        "url": "https://urgent.news/2026/09/28/oil-heads-higher-as-us-iran-peace-talks-in-stalemate-10355306",
        "published": "2026-09-28T03:26:00.000Z"
      },
      {
        "outlet": "The National UAE",
        "title": "Oil prices rise as US-Iran peace talks hit stalemate",
        "url": "https://urgent.news/2026/09/28/oil-prices-rise-as-us-iran-peace-talks-hit-stalemate",
        "published": "2026-09-28T05:14:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}