Crude Oil is trading 3.15% up at $96.71 as US-Iran tensions and fears of supply disruption drive a geopolitical risk premium in the markets.
- WTI crude futures climbed toward $95 per barrel amid uncertainty surrounding peace talks and potential supply impacts.
- The upward move is supported by reports of falling US crude inventories and a third consecutive session of gains for both Brent and WTI.
- Market participants are closely monitoring conflict-related volatility and whether diplomacy or renewed fighting will dominate supply expectations.