Oil Prices Rebound As Investors Weigh Renewed U.S.-Iran Tensions

Oil prices rebounded on Thursday after dropping more than 5% in the prior session to a one-month low, as markets weighed hopes of a possible U.S.-Iran agreement that could ease war risk and reopen the Strait of Hormuz. The move highlights elevated volatility in crude tied to Middle East geopolitics and supply disruption expectations.

Analysis

Oil prices rebounded on Thursday after dropping more than 5% in the prior session to a one-month low, as markets weighed hopes of a possible U.S.-Iran agreement that could ease war risk and reopen the Strait of Hormuz. The move highlights elevated volatility in crude tied to Middle East geopolitics and supply disruption expectations.