Peace Talks Won’t Save Oil Buyers From $100-Plus Oil

Middle East nations have renewed their diplomatic efforts, with high-level delegations from Saudi Arabia, Turkey and Pakistan having met with Iranian officials in Tehran on Monday to explore a regional security framework in a bid to de-escalate tensions. Whereas Iranian President Pezeshkian has expressed a willingness to resolve regional differences, Tehran continues to insist that U.S. sanctions and the blockade of Iranian ports must be addressed before broader negotiations can get underway. Standard Chartered expects a legitimate agreement to…