04 Aug 2026 · times in UTC

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Oil prices rebound as US war on Iran resolution remains uncertain

@thecradlemedia · · importance 75/100 Original post
via @thecradlemedia
❗️Oil prices rebound as US war on Iran resolution remains uncertain Oil prices climbed on Tuesday as uncertainty persisted over a diplomatic resolution to the US-Israeli war on Iran, while disruptions to oil shipments through key maritime routes continued. Front-month Brent crude futures gained $1.04, or 1.24%, to $84.81 a barrel by 08:00 GMT, recovering after a 7% decline in the previous session that had pushed prices to a three-week low. US West Texas Intermediate (WTI) crude rose 30 cents, or 0.37%, to $80.64 a barrel, following a drop of more than 5% in the previous session that marked its lowest level in nearly a week.

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