The Commodities Feed: Oil higher as supply risks persist

AI Summary

Oil prices remain elevated amid ongoing US-Iran negotiations and supply concerns linked to the Strait of Hormuz. Despite talks focusing on economic pressure over military action, hurdles persist for a broader agreement, with Iran and Oman reportedly nearing an accord.

Energy – US-Iran negotiations continue Oil prices remain supported by uncertainty surrounding the Strait of Hormuz. While US President Donald Trump said Washington is “semi-negotiating” with Iran, suggesting a focus on economic pressure rather than military escalation, significant hurdles remain before any broader agreement is reached. Reports indicate that Iran and Oman are nearing an ...