Oil Prices Rebound as Persian Gulf Supply Risks Persist

oilprice.com —

Oil prices rebounded from four-week lows as traders refocused on Middle East supply risks, with Brent crude trading at $103.60 per barrel and West Texas Intermediate at $95.98. Two energy consultancies, Rystad Energy and Vortexa, warned against optimism over Gulf supply recovery, noting that crude flows through the Strait of Hormuz remain constrained despite potential U.S.-Iran diplomatic talks. Analysts said conflicting signals from President Trump and ongoing military strikes have left traders uncertain, with a large risk premium still baked into prices amid doubts that the war can end soon.


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