Brent crude at $106.7 as U.S.-Iran talks deadlock

Brent crude futures — the global oil price benchmark — rose 2.3% to about $106.7 a barrel on September 28, 2026, after U.S.-Iran peace talks deadlocked, Reuters reported. If oil stays above $100, fuel costs can push up inflation (rising prices), which can keep interest rates for savers and borrowers higher for longer.