The recent talks between the US and Iran have ended without reaching any conclusion, which has resulted in severe excitement in the global energy market.
Crude oil prices rose by 9% immediately after the US President announced the naval blockade of Iran. According to statistics, Brent crude oil in the global market has exceeded $ 103, while the US WTI (WTI) has exceeded $ 105 per barrel.
Economists say that potential supply disruptions and increasing tensions in the Middle East have worried investors, which is likely to have an impact on the global economy.
