Oil prices volatile as Trump talks up Iran negotiations

Oil prices remained volatile on Wednesday, as the US and Iran clashed over what terms might bring the conflict in the Middle East to an end. Brent crude rose to $101 a barrel at midday in the US before falling back to $98 as President But Iranian media on Wednesday cited leaders criticising the US peace proposal. They presented their own terms for a ceasefire, including international recognition of Iran's "sovereign right" to control the Strait of Hormuz, a key route for global oil and gas supplies. On Wednesday, White House press secretary Karoline Leavitt maintained that US attacks were...