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Oil rebounds as US-Iran tensions fuel renewed market volatility
Oil prices rebounded on Tuesday as concerns over a prolonged US-Iran conflict and uncertainty surrounding peace negotiations triggered renewed volatility across energy markets, following a sharp selloff in the previous session, according to a report by Bloomberg. Brent crude approached $107 a barrel, while West Texas Intermediate climbed above $98, recovering from an almost 8% decline on Monday – its steepest fall in three months. The recovery followed reports that significant differences remain between Washington and Tehran despite indications of progress in diplomatic discussions. Iranian Pr
Latest closeWTI crude $102.95 ▲0.9%|Brent $112.33 ▼2.2%
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