Oil Prices Rebound as Markets Eye Progress in Iran Talks

Oil prices rose by more than 1.5% on Tuesday, recovering part of the losses recorded in the previous trading session, as markets awaited potential progress in negotiations aimed at easing tensions involving Iran.

As of 04:44 a.m. GMT, Brent crude futures climbed by 1.53%, reaching $85.05 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures increased by 1.16%, settling at $81.27 per barrel.

The rebound reflects cautious optimism among investors, who are closely monitoring geopolitical developments that could influence global oil supply and market stability. Any breakthrough in diplomatic efforts may help ease uncertainty and stabilize prices in the near term.