Aragchi's New York stay was not extended; he met mediators, but the US did not accept their proposal and offered nothing constructive. Oil rose on the report.
An Iranian spokesman confirmed an Irib report that Aragchi's New York stay has not been extended. Aragchi met mediators today; it is thought they relayed that the US had not accepted their proposal and had offered nothing constructive in return.
Oil prices climbed on the report.
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Crude finished a volatile session modestly higher, with supply fears trumping hopes of a US-Iran breakthrough after Trump dismissed the Hormuz proposal.
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Iran's foreign minister meets mediators in New York; oil and yields react as diplomacy continues after Trump's rejection.
Oil prices fell on reports of a possible resumption of US-Iran talks focused on an amended version of the seven-day Hormuz proposal.