Commodities
US-Iran Talks Spark Short-Term Oil Price Bounce Above $100
Oil prices rose above $100 per barrel on Tuesday as traders assessed potential developments in US-Iran talks during the United Nations General Assembly.
The recovery was viewed as a short-term bounce after recent declines, rather than a confirmed trend reversal, according to VT Markets.
Middle East supply risks remain a focus for markets, with renewed Houthi activity and disruptions affecting regional oil flows.
UKOUSD trades above its short-term moving average, with momentum improving after finding support near the $100.40 area.