Episode Details

Oil prices surged higher on Friday, continuing their recent upward trend. Brent crude futures climbed 0.9% to $84.98 a barrel, while U.S. West Texas Intermediate crude rose 0.9% to $81.03 a barrel. The increase is due to waning hopes for a swift resolution to the Iranian oil export blockade. Indirect talks between Iran and the U.S. to revive the 2015 nuclear deal have hit a snag, causing energy markets to remain tense and prices to reflect the ongoing uncertainty.

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