Oil market rises as Iran rejects peace talks near month-end

March 29, 2026 · 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

Source: https://flowframe.xyz/pulse/oil-market-rises-as-iran-rejects-peace-talks-near-month-end-8396b7

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