Brent holds near $114 a barrel as Middle East tensions rage on

Brent crude futures slipped on Tuesday but remained near US$114 a barrel as traders priced in continued Middle East hostilities and monitored the U.S.-Israeli conflict with Iran. The move reflects persistent geopolitical risk premium in oil, supporting elevated prices despite the retreat. This is likely to keep energy markets volatile and could spill over into broader risk sentiment.

Analysis

Brent crude futures slipped on Tuesday but remained near US$114 a barrel as traders priced in continued Middle East hostilities and monitored the U.S.-Israeli conflict with Iran. The move reflects persistent geopolitical risk premium in oil, supporting elevated prices despite the retreat. This is likely to keep energy markets volatile and could spill over into broader risk sentiment.