Oil prices jumped around 2% to $95.40 a barrel as U.S.-Iran peace talks stall. The fragile ceasefire between the United States and Iran was further pushed to the brink after American forces launched strikes on a strategic Iranian island in the Strait of Hormuz. The dramatic escalation unfolded as the Trump administration continues pursuing negotiations aimed at defusing the crisis and reaching a broader agreement with Iran. #oil #oilprices #iran #iranwar #straitofhormuz #trump #news #politics #