Oil Hits $105 But Markets Shrug Off US-Iran Deadlock

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Oil price climbed to $105 per barrel on Tuesday as US-Iran talks stalled, while markets were mixed as traders appeared to shrug off uncertainty over the 10-week-old war.

Optimism over Washington’s proposal to Iran to ease the conflict collapsed when Trump told reporters on Monday that Iran’s counteroffer was “garbage”.

Trump warned that Tehran’s rejection of his administration’s demands…

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