Oil prices were mixed as traders assessed the outlook for U.S.-Iran relations and recovering oil supplies from the Middle East. Market attention remains focused on diplomatic developments between Washington and Tehran, which could significantly impact global oil flows. Simultaneously, the resumption of production in the region adds further complexity to the supply picture.
Traders are carefully weighing these competing factors to determine near-term price direction.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing