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Oil Extends Gains For Fifth Day As Trump Sharpens Iran Rhetoric

Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials

Oil prices rose for a fifth straight session, driven by uncertainty around U.S.-Iran peace talks and regional tensions involving the UAE, Oman and Iran. The risk of prolonged West Asia conflict is increasing fears of potential supply disruptions, adding an adverse supply-side risk premium to crude.

Analysis

Oil prices rose for a fifth straight session, driven by uncertainty around U.S.-Iran peace talks and regional tensions involving the UAE, Oman and Iran. The risk of prolonged West Asia conflict is increasing fears of potential supply disruptions, adding an adverse supply-side risk premium to crude.

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