The Economic Times

Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil edges higher as investors watch Iran-Israel developments

Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil prices moved slightly higher as traders assessed the latest developments between Iran and Israel. Although both countries announced a halt to attacks after calls from U.S. President Donald Trump, concerns remain about the possibility of renewed conflict. Investors are also watching the Strait of Hormuz, global oil supply risks, and diplomatic efforts that could influence Brent crude and U.S. WTI crude futures in the coming days.