Oil Prices Rebound as Brent Tops $100 Ahead of US-Iran UN Talks

novinky.cz (Czech)

Oil prices rose on Tuesday after five days of decline, with Brent crude returning above $100 per barrel as traders await US-Iran talks on the sidelines of the UN General Assembly in New York. Brent futures traded above $101.50 per barrel, up 1.2 percent, while US West Texas Intermediate rose 1.3 percent to over $97. The price surge follows US and Israeli airstrikes on Iran in late February, Iranian retaliation on US bases, and Tehran's blockade of the strategic Strait of Hormuz. US President Donald Trump, scheduled to address the UN on Tuesday, has expressed willingness to meet Iranian President Masoud Pezeshkian. Washington proposed a $5 billion fund for Middle East reconstruction, while Iran communicated conditions for resuming talks. Saudi Arabia has maintained oil shipments through the strait, with satellite images showing the largest tanker concentration since June.


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Oil Prices Rebound as Brent Tops $100 Ahead of US-Iran UN Talks | News Minimalist