Oil Prices Rise 1.29% Amid Trump’s Iran Negotiation Warnings

President Donald Trump stated that the ongoing negotiations with Iran are the 'last chance' to resolve a five-month conflict, though Tehran denies direct talks are taking place. Oil prices reacted to the unclear diplomatic situation, with West Texas Intermediate futures increasing by 1.29% to $81.38 per barrel and Brent crude up by 1.73% to $85.23 per barrel. Despite Trump's comments, Iranian officials maintain there are no negotiations with the U.S. happening. This situation impacts energy markets and could affect oil prices further as tensions evolve.