Oil Prices Mixed as Iran Signals Possible Talks with U.S. Amid Escalating Tensions Oil prices fluctuated on Monday as Iran’s Foreign Ministry spokesman Esmail Baghaei hinted at the possibility of resuming negotiations with the U.S., a development that followed the confirmation of a third American service member being killed in recent military operations. The mixed market reaction reflected ongoing uncertainty about the trajectory of U.S.-Iran relations and its implications for global energy markets. Baghaei, speaking at a press conference, stated that intermediaries had continued exchanging messages with Iran amid the latest round of U.S. strikes. His comments came as international benchmark Brent crude for September delivery remained largely unchanged at $88.14 per barrel, having briefly surpassed $90 earlier in the session. U.S. West Texas Intermediate crude, meanwhile, dipped 0.5% to $82.08, erasing earlier gains. The volatility in prices underscored the delicate balance between geopolitical tensions and market expectations. The U.S. military confirmed the death of a third American service member in recent operations, adding to the already heightened tensions. Investigators also recovered unidentified remains near the site of an Iranian attack in Jordan, where two U.S. personnel had previously been killed and another was missing. These developments intensified concerns about the security of critical oil transit routes, particularly the Strait of Hormuz, which remains a focal point of regional conflict. American forces conducted a ninth consecutive night of strikes against Iranian targets, with the U.S.#strait_of_hormuz #iranian_revolutionary_guard #tasnim_news_agency #esmail_baghaei #iran_foreign_ministry_spokesman
