WTI Crude Rises 1% to $69.95 as US-Iran Talks Resume

Oil prices edge higher ahead of US data and Fed signals, while equities show muted reaction to geopolitical developments. West Texas Intermediate crude climbed 1% to $69.95 as technical talks between the US and Iran resumed in Doha. The move follows weekend strikes and a t

Oil prices edge higher ahead of US data and Fed signals, while equities show muted reaction to geopolitical developments.

West Texas Intermediate crude climbed 1% to $69.95 as technical talks between the US and Iran resumed in Doha. The move follows weekend strikes and a temporary truce, underscoring lingering supply risks in the Strait of Hormuz.

European equities remained little changed, while S&P 500 futures rose 0.9% and Nasdaq futures gained 1.3%. Gold fell 1.3% to $4,035, and US 10-year yields held steady at 4.37%. The NZD outperformed, while the JPY lagged amid intervention concerns.

Traders await key US economic data and Fed commentary later in the week, though markets face a holiday-shortened session ahead of Independence Day.

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