Brent Oil Price Tops $93 as U.S.-Iran Impasse Persists

Brent Crude futures prices topped $93 per barrel early in the morning in Europe on Thursday, hitting a three-week high amid fading hopes of U.S.-Iran talks as President Trump announced an “unprecedented” economic pressure campaign against Iran.

In early morning trade in Europe, the international benchmark crude, Brent, rose by 1.95% to top $93 per barrel, at $93.48.

The U.S. benchmark, WTI Crude, had exceeded the $85 per barrel threshold and was trading 2% higher at $86.12 a barrel.

Early on Thursday, oil prices were extending their…