Oil prices continued to rise on Tuesday as peace talks between the United States and Iran appeared to be at an impasse, with negotiators deadlocked over proposals to reopen the Strait of Hormuz to tanker traffic and restrict Iran’s nuclear program.
The price of crude oil has risen steadily over the past week as talks stalled during an uneasy ceasefire. Brent crude, the international benchmark, has posted gains in six of the last seven trading sessions: it remains more than 40 percent higher than before the first US and Israeli attacks on Iran in late February.
However, stock markets are trading near all-time highs as corporate profits have largely proven resilient. A series of financial reports presented this week by the largest technology companies, which are spending hundreds of billions of dollars on artificial intelligence systems, will be closely watched.
