en.Wedoany.com Reported - Due to the uncertain outlook for the US-Iran negotiations held in Bürgenstock, Switzerland, international crude oil futures prices rose significantly at the start of the new trading week on the 21st.

As of 6:30 p.m. Eastern Time on the 21st, the price of light crude oil futures for August delivery on the New York Mercantile Exchange rose to a high of $78.14 per barrel, an increase of 3.02%; the price of London Brent crude oil futures for August delivery rose to a high of $82.30 per barrel, an increase of 2.15%.

This round of talks is the first since the US and Iran signed a memorandum of understanding, focusing on issues such as the situation in Lebanon, passage through the Strait of Hormuz, and Iran's nuclear program. US Vice President Vance, Special Envoy Witkoff, Iranian Parliament Speaker Qalibaf, and Foreign Minister Araghchi led their respective delegations, with Pakistan and Qatar participating as mediators. During the negotiations, the Iranian side also demanded that the US accelerate the fulfillment of commitments, including unfreezing Iranian assets and issuing exemptions from oil export sanctions. According to Iranian oil price reports, passage through the Strait of Hormuz remains restricted.

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