Oil Prices Jumps 4% as Iran Denies US Talks; Brent Hits $103.94, WTI at $91.62

On March 24, 2026, the global oil market prices took another sharp turn. Crude prices surged as traders reacted to conflicting signals from the United States and Iran over diplomatic talks meant to ease tensions in the Middle East. Iran publicly denied any direct negotiations with Washington, even as U.S. officials suggested progress had been made. This unexpected denial shook confidence that a diplomatic solution could calm markets.