Oil prices edged higher on Tuesday, extending gains for a second session in a row, as prospects for a resolution to the conflict between the United States and Iran remained uncertain, keeping concerns over global crude supply firmly in focus.
U.S. President Donald Trump said on Monday that the ceasefire with Iran was “on life support,” citing disagreements over several key issues, including a halt to hostilities across all fronts, the lifting of a U.S. naval blockade, the restart of Iranian oil exports and compensation for war-related damages.
