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Commodities

US-Iran Peace Talks Stall, WTI Oil Price Holds Firm

Guavy AI Editorial Team
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Oil
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The price of West Texas Intermediate (WTI) oil hovered around $81.50 on Tuesday as hopes for a swift agreement between the US and Iran to end the conflict and reopen the strategic Strait of Hormuz dimmed.

US President Donald Trump's issuance of sweeping new demands on Tehran, including requiring Iran to pay compensation for individuals killed in regional conflicts, has left investors increasingly wary of prolonged supply disruptions.

The ongoing uncertainty, alongside continued disruption risks in key chokepoints, is helping underpin the constructive tone around Oil and trend-following positioning, according to TD Securities.

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