Commodities
US-Iran Tensions Squeeze Crude Oil Prices
Oil futures have steadied after a recent run of gains, capping off a second week of increases. The tense standoff between the US and Iran continues to drive market sentiment.
The US has reiterated its intent to cut Iran off from the global economic system in an effort to bring Tehran to the negotiating table. This stance is likely contributing to the ongoing volatility in crude oil prices.
Crude oil futures have been influenced by the escalating tensions between the two nations, with no signs of easing in sight. As a result, oil prices remain under pressure.