Oil Prices Rebound as US Weighs Larger Strikes on Iran

invezz.com (Swedish) —

Oil prices recovered Tuesday after Monday's sharpest drop in over two months, with Brent rising to $105.22 and WTI to $97.10, as markets weighed potential larger US strikes on Iran. The rebound followed US attacks on Iran's Qeshm island, part of recent limited strikes that Washington has not officially confirmed to keep prices lower. President Trump is deciding whether to escalate attacks, with Goldman Sachs raising its price targets to $105 for Brent and $94 for WTI. Iran has threatened retaliation against Israeli nuclear sites and oil infrastructure, while analysts note Trump's decisions may be influenced by upcoming midterm elections. Technical indicators suggest further upside potential toward $110.


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