US crude futures drop nearly 2 percent on Iran supply risks
U.S. crude futures fell 1.74% to $88.05 in early Asian trade. Investors are reassessing supply risks as a key ceasefire deadline for Iran approaches.
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U.S. crude oil futures declined by nearly 2% in early Asian trade on Tuesday as market participants reassessed supply risks amid persisting uncertainty over diplomatic talks between the United States and Iran. The shift in sentiment comes as a critical ceasefire deadline approaches, prompting investors to weigh the potential for a resolution against the risk of continued supply disruptions.
