Oil prices close at highest level since 2022 as Iran negotiations fail to ease supply fears

What: Oil prices closed at their highest level since 2022, reaching $**84.50** per barrel.
Why: Failed Iran negotiations have exacerbated supply fears, driving up prices.
Signal: The failure of Iran negotiations signals a potential shortage in global oil supply.
Target: Oil producers are expected to target increased production to meet rising demand.
Risk: The risk of a global economic downturn increases as oil prices continue to rise.