Oil prices climbed for a fourth consecutive day on Wednesday as growing tensions between Iran and the United States disrupted tanker traffic through the strategically important Strait of Hormuz. Brent crude rose to around $91.53 per barrel, while West Texas Intermediate (WTI) traded near $85.47 per barrel, according to the report. The continued increase reflects […]
International Oil Prices Hover Near $70 per Barrel as US–Iran Talks Create Market Uncertainty
International oil prices moved closer to the $70 per barrel mark on Wednesday as global markets reacted to mixed signals surrounding potential nuclear negotiations between the United States and Iran. The uncertainty over whether diplomatic progress could lead to eased sanctions on Iranian oil exports has injected fresh volatility into energy markets. Brent crude futures […]