Oil prices reach $90 a barrel as hopes weaken for US-Iran deal
Oil prices rose on Tuesday to touch the $90 a barrel mark as hopes weakened for a US-Iran deal and the reopening of the Strait of Hormuz after US President Donald Trump demanded compensation from Tehran. Brent, the benchmark for two thirds of the world’s oil, was up 2.6 per cent to $90 a barrel at 1.16pm UAE time. West Texas Intermediate, the gauge that tracks US crude, was trading 2.98 per cent…
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- Trump reportedly used catering truck to sneak off Air Force One amid Iranian threats abcnews.com
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- Oil steadies near one-week highs as US-Iran peace deal hopes dim channelnewsasia.com
