Oil prices rallied on Monday after weekend negotiations between the United States and Iran aimed at ending six weeks of war concluded without an agreement.
"They have chosen not to accept our terms," U.S. Vice President JD Vance said in a brief news conference but left open the possibility that terms could still be reached.
Iran said that "unreasonable U.S. demands" prevented the progress of the negotiations.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.