https://www.live-feeds.com/feed/oil-heads-higher-as-us-iran-peace-talks-in-stalemateContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-heads-higher-as-us-iran-peace-talks-in-stalematehttps://www.live-feeds.com/feed/oil-heads-higher-as-us-iran-peace-talks-in-stalemate#u89474Tue, 29 Sep 2026 20:45:21 +0000Oil prices rose after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz. Brent crude futures increased by $3.43 or 3.29% to $107.75 a barrel and US West Texas Intermediate crude rose by $2.14 or 2.32% to $94.55 a barrel. The rejection of the peace deal has kept tensions in the Middle East elevated.Why it mattersThe US-Iran conflict has been affecting oil prices due to concerns over supply disruptions. The Strait of Hormuz is a critical waterway for oil exports. Rising tensions between the US and Iran have led to fluctuations in