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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
The rebound follows US President Donald Trump announcing a five-day halt on military strikes targeting Iran\u2019s 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.<\/p>\n\n\n\n
However, market sentiment turned cautious again after Trump signaled that Iran has \u201cone more chance\u201d 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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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