Oil rebounds from three-week low as Hormuz tensions keep supply fears alive

Oil prices saw a modest recovery on Tuesday after a significant decline. Benchmark Brent crude climbed to $84.26 and WTI crude reached $80.75. This rebound followed a sharp slide after US President Donald Trump paused military action against Iran. Shipping patterns are changing, and concerns about energy supply risks persist. Oil prices remain below their earlier peak of $126 per barrel.
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.