Oil prices jump after Trump-Zelenskyy meeting amid supply concerns over West Asia tensions

Oil prices rose about 0.7% as geopolitical tensions in the Middle East and progress in Ukraine peace talks fueled supply concerns. Saudi operations in Yemen and Iran's president warning of a "comprehensive war" with the US, Israel, and Europe heightened market jitters. Diplomatic progress between the US and Ukraine, including security guarantees, also supported crude prices despite oversupply worries for 2026.