World News
Latest Oil Market News and Analysis for July 22
Key Points
Oil Edges Higher as Trump Cools Prospects for Talks With Iran Oil edged higher after President Donald Trump played down the prospect of near-term talks with Iran while threatening further strikes, as risks to global supply spread beyond the Middle East to the Black Sea. West Texas Intermediate rose toward $85, climbing for a fourth session. Brent crude closed around $91 on Tuesday.
Oil Edges Higher as Trump Cools Prospects for Talks With Iran
Oil edged higher after President Donald Trump played down the prospect of near-term talks with Iran while threatening further strikes, as risks to global supply spread beyond the Middle East to the Black Sea.
West Texas Intermediate rose toward $85, climbing for a fourth session. Brent crude closed around $91 on Tuesday. Trump vowed to respond if Iran-backed Houthi rebels in Yemen disrupted shipping in the Red Sea, and reiterated threats to strike soon at Pickaxe Mountain, a suspected Iranian nuclear site.