Oil rebounds as U.S.-Iran talks stall over Lebanon (opens in new tab)

Oil prices rose Friday after planned U.S.-Iran technical talks in Switzerland were postponed and renewed fighting in Lebanon complicated an interim agreement to end the U.S.-Iran war and reopen the Strait of Hormuz. Brent crude settled June 19 at $80.38 a barrel, up 0.53%, while U.S. West Texas Intermediate rose 1.23% to $77.54; Brent still fell about 8% for the week after earlier touching its lowest level in more than three months. The agreement signed by President Trump and Iranian Presiden...