Oil prices were slightly lower on Tuesday, halting a recent rally as reports of mediation efforts between the United States and Iran helped ease worries over supply disruptions in the Middle East.
Brent crude futures traded half a percent lower near $89 a barrel as U.S. attacks on Iran continued for a tenth consecutive day, and Tehran retaliated by attacking several U.S. targets across the Gulf. WTI crude futures were down 0.3 percent at $82.21.
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Market Analysis
Oil Prices Ease On US-Iran Truce Hopes
2026-07-21 09:31:27
