Not Trump, world looks at Iran to stabilise and then end oil crisis: Prices soar as US refuses talks

Global oil markets are on edge as tensions between the United States and Iran continue to escalate, sending crude prices higher for a seventh straight day. Former U.S. President Donald Trump’s shifting stance on Iran talks has added fresh uncertainty, with negotiations stalled and no clear diplomatic breakthrough in sight. Benchmark crude prices, including Brent and WTI, are surging amid fears of prolonged supply disruptions. A major flashpoint remains the Strait of Hormuz, a critical global النفط route that handles nearly a fifth of the world’s seaborne oil. Ongoing disruptions in the region have tightened supply and fueled volatility across global markets. Iran has hinted at possible negotiations but is demanding key concessions, including lifting the U.S. blockade and ending the conflict before returning fully to talks. Meanwhile, analysts warn that even if tensions ease, the impact on global energy markets could linger due to structural supply risks and shifting geopolitical dynamics. As the standoff continues, the world is watching closely because the next move from Tehran or Washington could shape the trajectory of the global economy.