Oil Prices Touch $90 a Barrel Amid U.S.-Iran Stalemate

Oil prices reached $90 a barrel as the U.S.-Iran negotiations showed no progress. Traffic in the Strait of Hormuz is at a near three-month low, with concerns growing about oil supply and demand dynamics. The prevailing deadlock in the talks could further impact oil availability. This situation is significant for markets as it indicates potential fluctuations in global oil prices, which could affect various sectors reliant on oil. Investors should monitor these developments closely.