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Oil Extends Gains As US-Iran Peace Deal Hopes Fade

Geopolitics & WarEnergy Markets & PricesCommodity FuturesCommodities & Raw Materials

Oil prices extended gains for a third straight session as renewed uncertainty around U.S.-Iran negotiations and the Strait of Hormuz lifted geopolitical risk premiums. The article points to support for Brent crude and the broader energy complex amid concerns over potential disruption to a critical global shipping chokepoint.

Analysis

Oil prices extended gains for a third straight session as renewed uncertainty around U.S.-Iran negotiations and the Strait of Hormuz lifted geopolitical risk premiums. The article points to support for Brent crude and the broader energy complex amid concerns over potential disruption to a critical global shipping chokepoint.

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