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      Crude Oil Prices Rise Amid US-Iran Negotiation Stalemate

      Crude oil prices experienced a significant rebound after a period of decline, as market participants expressed growing impatience with the ongoing stalemate in negotiations between the United States and Iran. Following a dip during the US trading session, prices surged, recovering all previous losses. This shift in momentum comes amid a lack of new developments in the US-Iran discussions, with Iran's government spokesperson indicating that a proposal from the US was presented but without further details.

      US President Donald Trump has reiterated his stance on the situation, stating he must decide whether to escalate tensions or pursue a deal with Iran. His comments suggest that the current impasse may not be resolved soon, which could keep oil prices elevated. Analysts note that any breakthrough in negotiations could lead to a sharp decline in oil prices, while a prolonged stalemate or renewed conflict may support further price increases.

      Technical analysis indicates that crude oil may be forming a range near the lower boundary of its trading channel. If prices pull back, buyers are expected to enter the market, potentially pushing prices toward the 110.00 resistance level. Conversely, sellers are poised to act if prices break lower, targeting the 68.00 support level. Upcoming economic indicators, including the US ISM Manufacturing PMI and Jobless Claims figures, are also anticipated to influence market dynamics, but the primary focus remains on developments in US-Iran relations.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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