Global oil prices continue to fluctuate as diplomatic efforts between the U.S. and Iran falter, with Brent crude surpassing $110 amidst renewed fears of a military confrontation. Former President Trump’s recent threats to Iran, labeling their peace proposals as unacceptable, have significantly impacted market dynamics. While some reports suggest a relief with sanctions possibly being lifted, investor sentiment remains cautious as the ceasefire appears fragile. U.S. stock markets are responding to these developments, with futures indicating a mixed outlook. As the situation evolves, traders are anticipating higher oil prices due to the ongoing geopolitical unrest.