By BullScreen Editorial Team 
Global crude oil prices climbed back toward the key $100 per barrel mark on Tuesday, reflecting persistent geopolitical uncertainty despite a temporary pause in tensions between the United States and Iran.
Benchmark Brent crude rose nearly 4% to trade around $99.78 per barrel in early Asian hours, briefly touching $99.99. US West Texas Intermediate (WTI) crude also advanced over 4% to $91.67 per barrel, recovering from sharp losses in the previous session.
The rebound follows US President Donald Trump announcing a five-day halt on military strikes targeting Iran’s energy infrastructure. The move had initially triggered a steep sell-off, with Brent falling over 10% to as low as $91.70 and WTI dropping more than 9% to $84.59 on Monday.
However, market sentiment turned cautious again after Trump signaled that Iran has “one more chance” at a potential deal, without offering specifics. His remarks, along with ongoing diplomatic talks, have kept investors on edge, driving fresh buying in oil amid fears of supply disruptions in West Asia.
Meanwhile, gold prices moved in the opposite direction. On the New York Mercantile Exchange, COMEX gold futures declined 1.79% to $4,328.30 per ounce after hitting an intraday high of $4,450.50. The decline was largely attributed to a stronger US dollar, which gained amid shifting risk sentiment.
The sharp swings across commodities highlight how sensitive global markets remain to geopolitical signals, with investors closely tracking developments in the US-Iran situation for further direction.