Oil inches up amid US-Iran talks
Oil prices slightly increased today, Tuesday, after a sharp decline in the previous session, amid concerns over the continued threat to Middle Eastern supplies due to ongoing tensions between the United States and Iran. Brent crude rose by 0.7% to reach $84.39 per barrel, while West Texas Intermediate also climbed to around $81, following significant drops earlier due to fears of escalating the conflict. The gains come after the US president announced the postponement of attacks against Iran until talks are concluded, though the outcome remains unpredictable. The ongoing disputes over control of the Strait of Hormuz continue to be a major concern for global oil supplies.
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