Oil Steadies Near $92 as US-Iran Talks Uncertainty Keeps Gulf Supply at Risk
Updated
Updated · Bloomberg · Jun 1
Oil Steadies Near $92 as US-Iran Talks Uncertainty Keeps Gulf Supply at Risk
12 articles · Updated · Bloomberg · Jun 1
WTI held near $92 a barrel after jumping more than 5% in the previous session, its biggest gain in about a month, while Brent settled just under $95.
Uncertainty over US-Iran peace talks kept a risk premium in prices because any prolonged disruption could curb energy flows from the Persian Gulf.
Tehran was reported to have halted talks with Washington in protest over Israel’s attacks in Lebanon, triggering Monday’s surge before prices pared back.
Donald Trump then said the negotiations were continuing, leaving traders caught between signs of diplomatic progress and fears of a longer supply threat.
Beyond oil prices, how is the Iran conflict quietly reshaping the entire global supply chain?
Is China's quiet support for Iran's war machine the real game-changer in the Middle East?
As cheap drones paralyze global trade, can technology offer a solution faster than diplomacy?