By Mukesh 
Oil prices rose Monday (April 27, 2026) while stocks were mixed, with the United States and Iran no closer to ending their eight-week-old war after U.S. President Donald Trump cancelled his envoys’ trip for peace talks over the weekend.
Hopes that the two sides could make progress during negotiations in Pakistan were dashed on Saturday (April 26, 2026) by the U.S. President, who said there was no point “sitting around talking about nothing”.
He said on Fox News that he told his team, “We have all the cards. They can call us anytime they want, but you’re not going to be making any more 18-hour flights to sit around talking about nothing.”
Oil rises, stocks swing as peace talk hopes wobble
Oil prices rise amid mixed stocks as U.S.-Iran peace talks falter, raising concerns over escalating tensions and market impacts.