Oil Prices Decline Amid U.S.-Iran Tensions and Market Uncertainty
Oil prices fell on Tuesday as traders evaluated the risk of supply disruptions due to escalating U.S.-Iran tensions. Brent crude and U.S. West Texas Intermediate (WTI) futures both dropped after rising sharply the previous day. The fragile ceasefire between the U.S. and Iran appeared to be unraveling following attacks on the UAE and Iran's sinking of vessels in the Strait of Hormuz.
Topics: Brent crude geopolitical risk Marathon Petroleum Corp oil prices U.S.-Iran tensions WTI