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Thu, Jun 4, 2026

Oil prices jump amid Middle East tensions, US-Iran talks stall

Brent crude falls over 10%, easing pressure on energy sector

ISLAMABAD: Oil prices rose in Asian markets on continued uncertainty in the Middle East and inconclusive talks between the US and Iran.

British crude oil prices rose 2.7% in the global market, after which its new price reached $111 per barrel, while US crude oil also became more expensive and reached $100 per barrel.

According to the British Broadcasting Corporation, fuel prices are also rising in the US. The American newspaper New York Times has written in a report that the price of gasoline has reached its highest level since the start of the war.

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