Brent Crude Fluctuates as Middle East Tensions Persist

Brent crude oil prices fluctuated on Monday as investors weighed the uncertainty of the US-Iran conflict and potential supply disruptions.

The price rose to $89.30 a barrel before easing to around $88.70, with concerns about ongoing tensions in the Middle East.

Renewed fighting in Lebanon and attacks on vessels in the Strait of Hormuz contributed to the uncertainty, while stalled negotiations between Washington and Tehran limited hopes for a swift resolution.

Iranian Foreign Minister Abbas Araqchi said that Tehran had not decided whether to resume talks with the US, while President Donald Trump urged Americans to accept higher gasoline prices as the conflict continues.