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Oil Prices Climbs on Uncertainty Over US-Iran Deal

Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarMarket Technicals & Flows

Oil rose from a six-week low as traders reassessed supply risk amid uncertainty over a peace deal to end the US war in Iran and the potential reopening of the Strait of Hormuz. The move highlights continued geopolitical sensitivity in crude markets, where any disruption to the waterway could affect global supply flows and prices.

Analysis

Oil rose from a six-week low as traders reassessed supply risk amid uncertainty over a peace deal to end the US war in Iran and the potential reopening of the Strait of Hormuz. The move highlights continued geopolitical sensitivity in crude markets, where any disruption to the waterway could affect global supply flows and prices.

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