16 Hrs
Source:
الخليج
Uncertainty surrounds oil above 75
Oil prices rose, with Brent crude reaching $78.15 per barrel and West Texas Intermediate at $74.19, supported by cautious optimism regarding progress in talks between the United States and Iran and the resumption of oil tanker passages through the Strait of Hormuz. The market’s downward trend on Monday halted after the US exempted Iran from sanctions for 60 days. Investors are closely watching for signs of potential reconciliation and indications of a return to normal oil flows through the strait. However, the market remains wary of ongoing distrust between Washington and Tehran and the delayed recovery of prices to pre-tension levels.
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