00:00Oil prices are climbing again as talks between the United States and Iran stall.
00:05Reuters and CNA report that crude moved higher after negotiations reached a stalemate, with
00:09Washington rejecting an Iranian proposal.
00:12Diesel hit a record national average of $6.53 this week, hitting rural drivers hardest.
00:19The strategic petroleum reserve has fallen from over 400 million barrels to about 284
00:26million.
00:26The White House says prices will return to pre-conflict levels as the U.S. keeps control
00:30of the Strait of Hormuz, though analysts warn elevated costs could persist.
00:36The full story is in the description below.
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