Oil markets swing as Iran ceasefire extension adds to de-escalation uncertainty
TL;DR Summary
Oil prices oscillated after Trump extended a fragile Iran ceasefire, keeping markets unsure about de-escalation and supply risk. Brent traded near $99.8 and WTI near $90.9 as mixed signals from Tehran and Washington persisted, with the U.S. blockade of Iranian ports continuing and Iran signaling talks in Pakistan may be unproductive, underscoring a fragile outlook for energy markets around the $100 per barrel level.
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- European Gas Steadies Amid Uncertainty Over Iran Peace Talks Bloomberg.com
- Oil Futures Settle Higher With U.S.-Iran Talks Undecided WSJ
- Oil prices rise after reports of container ships in Hormuz being hit by gunfire Reuters
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