Oil Prices Rise As Iran Vows No Surrender
Oil prices climbed nearly 4 percent as traders weighed Iranian President Masoud Pezeshkian refusing to surrender following US warnings. Brent crude futures settled up to 103 dollars a barrel while inventory data showed a rise.
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Brent Crude Oil rose $3.83, or 3.86%, to $103.08 a barrel on Wednesday afternoon following geopolitical tensions involving Iran. The jump reverses recent losses driven by a resumption of Middle East pipeline flows. Investors are weighing supply risks against ongoing diplomatic talks between Washington and Tehran.
