Oil Prices Rise In Europe On U.S.-Iran Talks Stalemate

MoneyMarketsOil Prices Rise In Europe On U.S.-Iran Talks StalemateByGaurav Sharma,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Gaurav Sharma is a London-based analyst who covers energy & ESG.Follow AuthorApr 27, 2026, 07:51am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.A crude oil storage facility in Cushing, Oklahoma, U.S. (Photo: Johannes Eisele)AFP via Getty ImagesOil prices rose again on Monday on stalled negotiations between the U.S. and Iran, aimed at bringing the conflict in the Middle East to an end. Trading in Asia saw both the global proxy benchmark Brent as well as the U.S. benchmark West Texas Intermediate rise by over 2%. However, early afternoon trading in Europe did see a pullback from early morning price spikes. At 7:19am EDT on Monday, the Brent front month contract was up 1.06% or $1.01 to $100.18 per barrel, while the WTI traded at $95.16 per barrel, up 1.01% or $0.76. Over the weekend, attempts to bring the U.S. and Iran to the negotiating table failed yet again. Iran’s foreign minister Abbas Araghchi left talks with Pakistan in the capital Islamabad on Saturday, where he said he’d put forward his country’s position on a framework to end the war, but added that he is "yet to see if the U.S. is truly serious about diplomacy."Shortly thereafter, U.S. president Donald Trump said his envoys Steve Witkoff and Jared Kushner’s trip to Pakistan for talks on the war with Iran had been called off.ForbesEnergy Crisis Driving Market To Operational Diversity And OptimizationBy Gaurav SharmaForbesOil Prices Up 11% On The Week As U.S.-Iran Peace Talks Remain ElusiveBy Gaurav SharmaForbesHow Aramco Ventures Is Pumping $7.5 Billion Into Strategic TechBy Gaurav SharmaMORE FOR YOUIn a social media post on Truth Social, the president said: "I just cancelled the trip of my representatives going is Islamabad, Pakistan, to meet wi...