Oil prices rise on doubts US-Iran peace talks will ease Strait of Hormuz disruption

Cătălin Roșioru

"We remain sceptical of any immediate solving of this war," said an oil market analyst John Evans. "Pick any headline and there is always a counter." LONDON: Oil prices rose over 1 per cent on Thursday (Apr 16), reversing earlier declines as the market questioned whether peace talks between the US and Iran would achieve a deal to end the war that has disrupted energy supplies from the Middle East. Brent crude futures climbed 1.8 per cent to US$96.61 a barrel at 1.09pm GMT. US West Texas