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Oil prices rose on Tuesday, with Brent crude up 1.75% to $106.60 per barrel, following reports of a US attack on Iran's Qeshm Island on Monday.
Oil prices rose on Tuesday after reports of a U.S. strike on Iran's Qeshm Island on Monday, with Brent crude up 1.75% to $106.60 per barrel and West Texas Intermediate (WTI) crude up 1.7% to $98.10 per barrel. This increase occurred a day after the U.S. and Iranian presidents expressed openness to resolving the Iran conflict through diplomatic channels, following earlier diplomatic signals that had caused oil prices to fall over 7% on Monday.
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