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The Economic Times
The Economic Times

Oil ticks up after selloff as talks to end US-Iran war remain uncertain

Oil Iran United States Donald Trump the Strait of Hormuz Tim Waterer Hormuz Middle Eastern Strait of Hormuz

Oil prices rebounded slightly on Tuesday, after plunging in the previous session, on concerns Middle Eastern supply remains at risk as a diplomatic resolution to the U.S.-Iran war that has disrupted shipments still seems unlikely.

Front-month Brent futures rose $0.62, or 0.7%, to $84.39 a barrel as of 0055 GMT after dropping 7% in the previous session to a three-week low.

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