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Oil steadies as uncertainty over US-Iran talks keeps markets on edge
Oil steadies as uncertainty over US-Iran talks keeps markets on edge June 2 : Oil prices held on to most of the previous session's sharp gains in early trade on Tuesday on uncertainty over the status of ceasefire talks between the United States and Iran and the potential reopening of the Strait of Hormuz. U.S. President Donald Trump said on Monday talks with Iran were ongoing, while Tasnim news agency reported that Tehran had suspended indirect negotiations with Washington. Brent crude...
Oil rises slightly as investors await clarity after Iran-Israel halt attacks
Oil rises slightly as investors await clarity after Iran-Israel halt attacks June 9 : Oil prices inched up in early trade on Tuesday after Iran and Israel left the door open to a possible resumption of attacks on each other, though they had called a halt to hostilities following an appeal from U.S. President Donald Trump. Brent crude futures rose 13 cents, or 0.14 per cent, to $94.38 a barrel at 0001 GMT, while U.S. West Texas Intermediate were up 11 cents, or 0.12 per cent, at $91.41 a...
Oil prices: Crude rises amid uncertainty over US-Iran negotiations & Hormuz reopening
Oil prices increased slightly on Tuesday amid ongoing uncertainty over talks between the United States and Iran and speculation around the potential reopening of the Strait of Hormuz, one of the world's most critical energy transit routes. Brent crude futures rose by 0.06% to $95.04 a barrel, while US West Texas Intermediate declined slightly by 0.18% to $91.99 a barrel in early trade. Oil markets held on to most of the previous session's strong gains after sharp fluctuations driven by...