# Oil prices rose for a third consecutive trading session today as hopes for a lasting US-Iranian peace deal weakened, raising concerns about global energy supplies. Iran says it would adopt a more offensive military stance after negotiations stalled, while Washington ruled out extending a temporary ceasefire. Brent crude reached a peak of 91-dollar-76-cents a barrel, currently fluctuating between 91-dollar-ten-cents and 91-dollar-87-cents. Disruptions to tanker traffic through the strategically important Strait of Hormuz continue to support prices and heighten supply concerns.
Oil prices rise as hope fades for a peace deal in Middle East