Oil Climbs Past $70 a Barrel. Why Middle East Tensions Are Boosting Prices.

Core Viewpoint - International oil benchmarks experienced an increase following the unsuccessful nuclear talks between the U.S. and Iran, indicating market sensitivity to geopolitical developments in the oil sector [1] Group 1 - The latest round of nuclear negotiations between the U.S. and Iran did not yield a deal, which has implications for oil supply and pricing [1]