Oil Prices Rebound as U.S.-Iran Peace Talks Are Postponed

Oil prices began to climb once again in early Asian trade on Friday due to uncertainty over the outcome of peace talks between the United States and Iran after Switzerland confirmed the talks had been postponed. At the time of writing, Brent crude had climbed back above $80 per barrel while West Texas Intermediate had risen to $76.28. Reuters reported on the statement, issued by the Swiss foreign ministry, without providing details. The statement followed earlier reports that said Vice President J.D. Vance, who had been scheduled to attend the…