Oil prices rise as US-Iran peace talks stall

The president added that "there is tremendous infighting and confusion" within Tehran's leadership."Nobody knows who is in charge, including them," he said. "Also, we have all the cards; they have none! If they want to talk, all they have to do is call!!!"In the UK, representatives from the Bank of England will attend the government's Middle East Response Committee meeting on Tuesday, which will include discussions on the effects of the conflict on people's living costs.Addressing the impact of the war on the UK, Prime Minister Sir Keir Starmer said the economic consequences "could still be with us for some time"."What Iran shows is that once again events happening miles away from Britain have the capacity to hurt our living standards, our future and our security," he said in a speech on Monday.The surge in oil prices since the start of the conflict has already led to rising fuel prices at the pump, and there are concerns over how much UK energy bills could rise later this year if the conflict continues.On Monday, the S&P 500 index of the largest firms listed in the US closed flat as traders assessed the situation in the Middle East.London's FTSE 100 index closed 0.6% down, France's Cac 40 ended the day 0.2% lower, and Germany's Dax finished flat.