Oil prices rise almost 2% after stagnation of negotiations between the United States and Iran

TL;DR

WTI crude oil prices increased by 1.98% to $96.27 per barrel.
The rise followed President Donald Trump's announcement of canceling US envoys' trip to Pakistan for Iran peace talks.
Trump suggested that Iran's latest negotiation proposals are not satisfactory.
He stated there is no hurry to reach a new agreement with Iran.
The US strategy of maximum pressure is described as suffocating Tehran's economy and "decimating" its operational capacity.

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