Oil Rises, Stocks Swing as Peace Talk Hopes Wobble

Oil prices rose and global stocks swung sharply as hopes for progress in peace talks began to wobble, with investors reacting to mixed signals from diplomatic channels and renewed uncertainty over geopolitical stability. The rise in oil reflected market fears that stalled negotiations could prolong supply risks, especially if tensions escalate in key producing regions, prompting traders to price in a potential disruption premium. Equities moved in both directions through the session as optimism from earlier statements gave way to caution, with sectors tied to energy and defense gaining while travel and consumer stocks faced pressure from the prospect of continued instability. Analysts noted that markets remain highly sensitive to headlines, and the lack of a clear breakthrough left sentiment fragile, driving volatility as funds adjusted positions based on shifting expectations for conflict resolution and its impact on inflation, interest rates, and global growth.