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US-Iran Talks Stall, Global Oil Prices Continue to Rise

April 29, 2026
in Latest News, Important News
US-Iran Talks Stall, Global Oil Prices Continue to Rise
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Global oil prices are continuing to rise due to the lack of progress in negotiations between the United States and Iran, increasing pressure on the international energy market.

In the global market, Brent crude oil has surpassed 113 dollars per barrel, while US crude oil WTI is trading near 112 dollars per barrel, reflecting growing uncertainty and concerns over supply.

Meanwhile, Asian and European stock markets are showing a mixed trend, with some markets recording gains while others are facing declines, indicating a cautious approach from investors.

The Pakistan Stock Exchange is also witnessing a negative trend, as the KSE-100 Index dropped by 1,144 points to reach 167,268 points, highlighting pressure in the local market.

In global markets, stock exchanges in Korea and Hong Kong showed a positive trend, while Japan’s stock market recorded a decline, reflecting the impact of varying economic factors across the region.

 

Tags: Brent crudeglobal marketoil pricesPakistan Stock ExchangeStock marketUS Iran talks
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