Oil market rises as Iran rejects peace talks near month-end
· flowframe Pulse
The probability of crude hitting $105 ticked up after Iran’s Foreign Minister rejected direct U.S. peace talks on March 27, heightening fears of a prolonged Strait of Hormuz closure. While WTI is currently trading near $99, the lack of diplomatic progress has led speculators to eye a potential last-minute price spike before the March deadline.
50¢ → 53¢ • Vol: $3.9M