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Oil Climbs on Military Tensions as Iran Negotiations Remain Uncertain

Crude prices rose following fresh U.S. military strikes against Iran, introducing uncertainty into diplomatic efforts to restore shipping through the Strait of Hormuz. Brent crude gained 2 percent as geopolitical tensions overshadowed Middle East peace discussions. Negotiations between Washington and Tehran are expected to continue over the coming days. Former intelligence officials suggested Iran may be moving toward accepting an unconditional reopening of the strategic waterway. The Trump administration signaled it remains open to diplomatic solutions while maintaining the option to escalate military pressure if talks collapse. Traders are monitoring developments closely as market volatility persists pending a framework agreement.