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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