Fuel / NEWS UPDATE
Oil Prices Bounce Back Following Reports of U.S. Strikes on Iran
Published · 1 min read
Crude oil prices rebounded, with Brent trading at $105.26 per barrel and West Texas Intermediate at $97.07 per barrel, following a Wall Street Journal report about potential U.S. strikes on Iran's Qeshm Island.
This report, citing unnamed U.S. officials, countered recent diplomatic efforts and contradicted President Trump's previous statements on avoiding further military action. Analysts suggest that while the military activity has increased oil price risk, a sustained rally would require evidence of supply disruption.