Iran Tensions Push WTI Crude Prices Above $81.00

WTI crude oil prices rebounded from a two-week low on Tuesday, trading around $81.00 per barrel as renewed geopolitical risks tied to Iran offset broader demand concerns.

The price bounce was largely fueled by escalating tensions in the Middle East, particularly around Iran, which has been under tight sanctions but any escalation could threaten crude flows through the Strait of Hormuz, a critical chokepoint for global oil shipments.

Traders are pricing in a risk premium as diplomatic channels show little progress. The market remains sensitive to any news out of Tehran or Washington that could signal a shift in sanctions enforcement or military activity.