Oil rises to near seven-month high on US–Iran tensions, trade policy - Reuters
Oil rises to near seven-month high on US–Iran tensions, trade policy Reuters
Coverage by Political Leaning
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Notable Quotes
"At this stage, geopolitics is clearly doing most of the heavy lifting for oil prices, with the current firmness largely driven by anticipation rather than actual supply loss."
— Priyanka Sachdeva , Other
"For now, WTI crude oil is evolving in a short-term bullish dynamic, holding above its 20-day moving average, acting as a key short-term support at $63.90/barrel."
— Kelvin Wong , Other
"It will be a 'very bad day' for Iran if it does not make a deal."
— Donald Trump , Politician
"At this stage, geopolitics is clearly doing most of the heavy lifting for oil prices, with the current firmness largely driven by anticipation rather than actual supply loss."
— Priyanka Sachdeva , Other
"It will be a 'very bad day' for Iran if it does not make a deal."
— Donald Trump , Politician
"A sustained break above the top of this range would open the way for further gains towards $70.00–$72.00. Conversely, signs of de-escalation would likely see a retracement back towards $61.00."
— Tony Sycamore , Other
"Crude oil markets remained on edge as US-Iran talks resume this week."
— Daniel Hynes , Academic
"Crude oil remains at the very top of the US$55–US$66.50 trading range that has defined the past six months."
— Tony Sycamore , Other
Key People
Badr Albusaidi is the Foreign Minister of Oman.
Daniel Hynes is an analyst at ANZ.
Former president of the United States known for his aggressive economic policies.
Kelvin Wong is a senior market analyst at OANDA.
Priyanka Sachdeva is a senior market analyst at Phillip Nova.
IG Markets analyst providing insight on market trends.
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<a href="https://news.google.com/rss/articles/CBMiwAFBVV95cUxOalVYTVZHdFNSUG1kM1pKbS02ckl4aThaRjJuT1BHVUJ3TVBEd2ZVNUl4dDI5RlBJQl9OdS1wUzlfVUZaaUdEVUQ5cUpraFJfcjFTMWtKSnFVNERCMWhYbUpLZXVpdFkzY0NqWmlfZWFUSVktWGpPbFNwMWYtUVFPcE1GcE5jenZISUtvT1B6SFdrSXVwQ2pzbE92MmpLaEV3SW1lc0FLaE9mU0w2c242RWlhTVp3SkZmdHJfTmItMjc?oc=5" target="_blank">Oil rises to near seven-month high on US–Iran tensions, trade policy</a> <font color="#6f6f6f">Reuters</font>
Oil prices rose on Tuesday, nearing seven-month highs, with traders assessing geopolitical risks ahead of another round of U.S.-Iran nuclear talks, while U.S. trade policy uncertainty added to broader concerns.
Oil prices hovered below an almost seven-month high on Tuesday as traders gauged the outlook for U.S.-Iran nuclear talks amid heightened Middle East tensions, while also weighing uncertainty around U.S. trade policy.
Oil retreated from multi-month peaks as traders weighed U.S.–Iran nuclear talks and trade risks. Brent hovered near $71.40 and WTI near $66.20 amid heightened geopolitical and supply concerns.
Oil prices hovered below an almost seven-month high on Tuesday as traders gauged the outlook for US-Iran nuclear talks amid heightened Middle East tensions, while also weighing uncertainty around US trade policy.
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