LIVE: Oil Prices Up 3% on Shifting Geopolitical Landscape

Oil prices edged up slightly, with Brent crude trading at $68 per barrel and WTI at $65.  The rally was fueled by new U.S. sanctions targeting an Iranian oil and LPG shipping magnate, tightening pressure on Iran’s exports.  Despite progress in U.S.-Iran nuclear talks, failure to secure a deal could drive Iran’s oil flows to zero, said John Kilduff of Again Capital, boosting prices.  A surging U.S. equity market, reflecting higher investor risk appetite, also supported the recovery, per Mizuho’s Robert Yawger. However,…