Oil prices jump on report U.S.-Iran nuclear talks are collapsing
Tankers docked at the Phillips 66 Freeport Terminal in Freeport, Texas, US, on Friday, Jan. 16, 2026. Mark Felix | Bloomberg | Getty Images Crude oil prices jumped about 3% on Wednesday following a report that planned talks between the U.S. and Iran are on the verge of collapsing. U.S. crude oil rose $1.80, or…
