US-Iran War Keeps Oil Market on Edge Despite Diplomacy Hopes

Oil tanker sailing near the Strait of Hormuz amid US-Iran war tensions

The US-Iran war remains the single biggest force driving global energy markets this week. Even as oil prices ease on hopes of diplomatic movement, the underlying conflict is far from resolved, and fresh attacks over the weekend show just how quickly sentiment could reverse. Crude benchmarks slipped for a fourth consecutive session on Monday, with Brent trading close to $102 a barrel and WTI hovering just under $99. Yet officials on both sides have offered no confirmation that formal negotiations are actually underway. Background: A Conflict That Keeps Reshaping Energy…

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