Oil Prices Rise on Diplomacy and Houthi Attacks
Oil prices edged higher as investors monitored diplomatic talks in Tehran aimed at easing Middle East tensions. Renewed Houthi attacks on Saudi Arabia kept markets volatile and crude prices elevated.
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Brent Crude Oil rose 45 cents to $116.26 a barrel during Tuesday morning trade as diplomatic talks in Tehran countered supply risks. Prices recovered after slipping 1% earlier in the session amid profit-taking. The slight gain highlights ongoing market volatility tied to Middle Eastern supply routes.
