Oil Rebounds as US-Iran Tensions Rise; Goldman Lifts Targets

invezz.com (Portuguese) —

Oil prices rebounded Tuesday, with Brent rising to $105.22 and WTI to $97.10, after their steepest drop in over two months on Monday, as US strikes on Iran's Qeshm island fueled supply concerns. President Donald Trump is weighing larger attacks on Iranian targets, with analysts warning his decision may be influenced by upcoming US midterm elections. Iran has threatened retaliation, including potential strikes on oil and gas terminals. Goldman Sachs raised its price targets, forecasting Brent at $105 and WTI at $94, citing risks of global supply disruptions. Technical analysis suggests Brent could target $110 if Monday's decline was manipulation.


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