Global oil futures top $100 again after U.S.-Iran peace talks canceled

global oil futures crossed $100 a barrel again after the u.s. canceled peace talks with iran. jared kushner and steve witkoff were told not to travel to pakistan for negotiations, and both west texas intermediate and brent crude prices rose on the news. the cancellation removed a near-term expectation of eased sanctions on iranian oil exports, which had been weighing on prices. wti settled above $100 for the first time in three weeks, while brent followed close behind.