Oil Prices Climb As Iran Talks Raise Escalation Sentiment Despite the fact that geopolitical uncertainty continues, oil prices recovered on Tuesday, Reuters reports. Brent crude: up 0.4% to $116.24 a barrel WTI crude: up 0.3% to $102.07 a barrel Both benchmarks retreated around 1% earlier in the session. Earlier, Saudi Arabia, Turkey and Pakistan held talks with senior Iranian officials in Tehran with the aim of easing regional tensions. The four countries agreed to continue the dialogue in an effort to strengthen peace and security in the Middle East. Supply disruptions continue as Gulf crude exports have fallen for four straight weeks, while flows through the Strait of Hormuz remain around 60% of normal levels. substack | talk.

Oil Prices Climb As Iran Talks Raise Escalation Sentiment Despite the fact that geopolitical uncertainty continues, oil prices recovered on Tuesday, Reuters reports. Brent crude: up 0.4% to $116.24 a barrel WTI crude: up 0.3% to $102.07 a barrel Both benchmarks retreated around 1% earlier in the session. Earlier, Saudi Arabia, Turkey and Pakistan held talks with senior Iranian officials in Tehran with the aim of easing regional tensions. The four countries agreed to continue the dialogue in an effort to strengthen peace and security in the Middle East. Supply disruptions continue as Gulf crude exports have fallen for four straight weeks, while flows through the Strait of Hormuz remain around 60% of normal levels. substack | talk.