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Market Impact: 0.55

Oil prices extend gains as Trump comments diminish hopes for a deal with Iran

Geopolitics & WarEnergy Markets & PricesCommodities & Raw Materials

Oil prices rose on Tuesday as markets priced in elevated geopolitical risk after President Trump said the ceasefire with Iran is on "life support." The implication of a potentially prolonged Middle East conflict supports crude prices and raises the risk of further volatility across energy markets.

Analysis

Oil prices rose on Tuesday as markets priced in elevated geopolitical risk after President Trump said the ceasefire with Iran is on "life support." The implication of a potentially prolonged Middle East conflict supports crude prices and raises the risk of further volatility across energy markets.

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mildly negative

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