Svmuu According to reports, ahead of the US-Iran negotiations this weekend, oil prices rose but remained below $100 per barrel. Emmanuel Belostrino, Head of Global Crude Oil and Geopolitical Market Data at Kpler, stated: "The outcome of the negotiations, particularly whether a viable vessel transit agreement can be reached, is a key variable determining whether the current backlog can begin to ease." During early European trading, both WTI and Brent crude oil prices continued to rise in the short term, currently quoted at $99.7 per barrel and $97.6 per barrel, respectively. Navigation through the Strait of Hormuz remains largely frozen, with supply disruptions keeping the market tense. Iran's attacks on Saudi Arabia's main current export route (the East-West Pipeline) have reduced the pipeline's capacity by approximately 700,000 barrels per day. (Jin10)