Oil Futures Bounce Amid US-Iran Tensions
Crude oil futures edged higher as markets found a floor after early-week losses. The gains were likely due to investors again monitoring the US and Iran, following recent developments.
The news comes as US Secretary of State Marco Rubio told several foreign counterparts that 'for the time being' the US is not expected to initiate new strikes against Iran. This statement may have contributed to the market's cautious optimism.