The barrel price of Brent oil exceeded 100 dollars

The forward barrel price of Brent oil, which rose to $99.30 yesterday, completed the day at $98.03. The December term barrel price of Brent oil increased by 2.5 percent compared to the closing date at 12.59 today, reaching 100.49 dollars. At the same time, the barrel price of West Texas Intermediate (WTI) crude oil for November delivery was determined as 92.57 dollars.

The rise in oil prices was influenced by the news that US Secretary of State Marco Rubio asked the delegation, including Iranian Foreign Minister Abbas Erakchi, to leave the country immediately after the negotiations between Washington and Tehran were blocked.

A US official speaking to the Axios news platform claimed that the White House assessed that progress could be made in the talks with Iran on the morning of Monday, September 28, but came to the conclusion that the negotiations had reached a deadlock in the afternoon.

Speaking to the Associated Press (AP), two US officials stated that Erakchi is planned to stay in New York until September 30 and hold indirect talks with the United States in order to reopen the Strait of Hormuz, end the conflicts and restart nuclear negotiations.

Officials claimed that Rubio asked the Iranian delegation to leave the country after limited progress was made in contacts involving Qatari mediators over the weekend.

However, Iran's Permanent Mission to the UN rejected claims that the delegation was forced to leave New York by the United States.

These developments weakened the expectations for the end of the conflicts and the reopening of the Strait of Hormuz, thus supporting oil prices upwards.