Oil markets surge on Iran-U.S. negotiations. Brent crude climbed 2.7% to $111.09 per barrel Tuesday as investors assessed fresh signals from diplomatic talks between Trump's national security team and Tehran. The discussions centered on Iran's proposal to reopen the Strait of Hormuz, which handles roughly 20% of global oil and liquefied natural gas supplies. Currently, approximately 20 million barrels daily of crude and petrochemicals face severe disruption. While uncertainty persists over whether Trump will accept the proposal as a path toward de-escalation in the two-month conflict, energy markets remain volatile. Analysts warn that even immediate cessation of hostilities would require four to six months for full market stabilization due to mine clearing, tanker congestion relief, and production restart timelines.
