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Crude prices surge to 108$ as Iran-US talks hit roadblock
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- Published
- Sep 28, 2026, 6:32 PM UTC
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Bilateral relations
Relations between Iran and the United States began in the mid-19th century, when Iran was known to the Western world as Qajar Persia. While Persia was the object of British and Russian colonial interests during the Great Game, the US gained the trust of its leaders, with Arthur Millspaugh and Morgan Shuster appointed treasurers-general by the Shahs. During World War II, Iran was invaded by the United Kingdom and the Soviet Union, both U.S. allies.
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Global crude oil prices surged on Monday amid renewed uncertainty over Iran-US peace talks, with Brent crude rising as much as 3.6% to $108.10 a barrel before p