← Latest news 
Oil prices edge higher as US Iran talks underline real supply risk near Hormuz
Economy
Published on 12 May 2026
Tehran’s reply hints talks may not ease shipping
Oil prices rose slightly in early Asian trade as fragile US-Iran negotiations revived worries about crude supply disruptions, especially around the Strait of Hormuz. Tehran’s response signaled deep differences, while reduced output from OPEC helped keep prices steady above $100. The US also plans SPR loans and sanctions targeting Iranian shipments to curb market pressure.
- Oil edges up as US-Iran talks fail to ease supply fears
- Strait of Hormuz risk remains a key driver of pricing
- OPEC’s reduced output helps support prices above $100
- US SPR loans and Iran shipping sanctions aim to offset volatility
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times