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Oil prices rebound after Switzerland says U.S.-Iran peace talks are postponed

Switzerland confirmed that U.S.-Iran peace talks have been postponed, and U.S. Vice President J.D. Vance canceled his trip to attend. At the same time, Israel continued airstrikes in southern Lebanon, saying it was retaliating for Hezbollah ceasefire violations. After earlier sliding below $80 a barrel on expectations tied to the talks, Brent climbed back above $80 while WTI rose to $76.28. The article said tanker traffic has not materially normalized, reviving concerns over Middle East shipping risks and near-term supply disruptions.
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Geopolitics