Crude oil prices edged higher as markets reacted to ongoing uncertainty surrounding U.S.-Iran diplomatic negotiations. Traders are closely monitoring developments that could affect global oil supply dynamics, particularly any potential disruptions to Iranian crude exports.

The price increase reflects investor caution about the geopolitical landscape, with any breakdown in talks potentially tightening global oil markets. Brent crude futures and West Texas Intermediate benchmarks both showed gains, though analysts note the market remains sensitive to any new developments in the diplomatic process.

Energy markets continue to price in geopolitical risk premiums, with the Iran situation adding to existing supply concerns from OPEC+ production policies. The uncertainty has kept traders on edge, contributing to volatility in energy futures as they assess potential supply scenarios.