Oil prices rise amid U.S. refusal to revive Iran deal

Global oil prices rose following reports that the United States administration has signaled it will not return to the previous agreement with Iran. Brent crude rose by approximately 2%, while West Texas Intermediate (WTI) increased by about 1.5% as markets anticipate prolonged energy supply disruptions in the Gulf region.

The price surge follows reports that the White House is prioritizing economic pressure over reviving diplomatic frameworks. This stance comes after Washington imposed significant sanctions on Iran. In response, Iranian security officials have warned of potential targeting of U.S. military and economic interests, including the energy, shipping, and financial sectors, should tensions escalate further.