Oil remains above $100 per barrel as traders await potential US-Iran talks
Oil prices surpassed $100 per barrel amid escalating tensions in the Middle East. Traders are considering potential US-Iran talks while Yemen's Houthis attacked Riyadh and a Saudi Aramco facility. The ongoing conflict has sharply reduced traffic through the Strait of Hormuz, with US-Iran threats persisting for over six months, impacting market stability.