The New York Times has reported that global oil prices have increased and stock futures declined after Iran and the United States failed to reach an agreement on a proposed peace framework.
According to the report, Brent crude oil, considered a key global benchmark, rose by more than 3 percent on Sunday evening, with its price surpassing $104 per barrel.
Meanwhile, West Texas Intermediate, the U.S. oil benchmark, also climbed by more than 3 percent, with its price rising above $98 per barrel.
The New York Times added that despite the increase in oil prices, gasoline prices in the United States fell by around one cent, bringing the average price of regular gasoline to $4.52 per gallon.
