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The Economic Times
The Economic Times
Business
Veer Sharma

Oil Price Today (September 29): Crude oil rises to $107 as US-Iran deal stalemate ups supply fears. $120 in sight?

Oil prices rose for a second straight session on Tuesday, with concerns over potential supply disruptions from the Middle East due to the US-Iran conflict outweighing signs of a recovery in crude exports from the region.

US and Iranian officials separately held talks with mediators in a renewed attempt to end the seven-month war, officials from both countries said. Further discussions are widely expected to centre on an amended version of a seven-day proposal Iran presented last week on the sidelines of the United Nations General Assembly.

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