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WTI holds near $81.40 as US-Iran talks stall
WTI has gained more than 6.5% in the prior session, supported by uncertainty around reopening the Strait of Hormuz as diplomacy remains stalled.
WTI crude traded around $81.40 during Asian hours Tuesday, holding steady after posting gains of more than 6.5% in the previous day, according to FXStreet. Market expectations have been shaped by uncertainty over a potential US-Iran deal to end the conflict and reopen the Strait of Hormuz. Hopes for a swift agreement have weakened after US President Donald Trump issued sweeping new demands on Tehran, including a requirement that Iran pay compensation for individuals killed in regional conflicts. Tehran has reiterated its own conditions for winding down the war, including seeking reparations first, leaving investors more cautious about the risk of prolonged supply disruptions. The report also notes that diplomatic efforts between Iran and Oman to reopen the strait are stalled, with Tehran linking progress to securing a broader peace accord with the United States. TD Securities cautioned that an easing agreement remains difficult to reach, saying a Hormuz deal is still elusive, and the ongoing disruption risk is helping support a constructive tone in oil trading, the outlet added. The story describes WTI as a benchmark US-sourced crude priced against global supply and demand conditions, with political instability, sanctions, and chokepoint disruptions among key drivers.
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Latest closeWTI crude $82.30 ▲5.3%