Pakistan, April 29 -- Global crude oil prices surged sharply as US-Iran negotiations showed no progress, pushing energy markets into volatility. Brent crude crossed $113 per barrel while US West Texas Intermediate traded around $112. The rise reflects growing uncertainty in global diplomatic and energy conditions.

Market analysts linked the price surge to stalled talks between Washington and Tehran. Investors reacted to fears of prolonged geopolitical tension affecting oil supply routes. The escalation has intensified pressure on global energy markets.

Read more: Oil prices rise amid Middle East tensions

Asian and European stock markets showed mixed trends amid the uncertainty. Some markets gained slightly while others declined due to ...