Iran and the United States are about to negotiate, causing an increase in oil prices.

Before the negotiations between the United States and Iran this weekend, oil prices rose but remained below $100 per barrel. Emmanuel Belostrino, director of global crude oil and geopolitical market data at Kpler, said, "The agreement reached in the negotiations, especially whether a viable agreement on ship transit can be put in place, is the only variable determining whether this backlog issue can begin to be resolved." In early European trading, Brent crude rose 1% to $96.85 per barrel, while West Texas Intermediate rose 0.8% to $98.65 per barrel. Traffic in the Strait of Hormuz remains essentially stagnant, causing market anxiety due to supply disruptions. Iran's attacks on oil pipelines in the east and west have reduced daily shipments by about 700,000 barrels, with the pipeline being Saudi Arabia's main export route currently.