Oil Near Seven-Month Highs as U.S.–Iran Tensions Support Crude Benchmarks

Oil prices hovered near seven-month peaks on Tuesday as traders weighed the risk of potential U.S. military action against Iran amid faltering diplomacy. U.S. benchmark Oil – US Crude traded around $66.48 per barrel in early U.S. hours, while international marker Oil – Brent Crude held close by, keeping the two key benchmarks near parity as geopolitical tensions underpinned risk premia.

Over the past month, Oil – US Crude has advanced about 11.0%, with a 1-day technical signal pointing to Buy, suggesting short-term momentum remains constructive. Oil – Brent Crude has gained roughly 11.1% in the same period, and its daily technical reading also indicates Buy, highlighting sustained bullish sentiment as markets reassess supply risks. Investors can explore more updates, prices, and analysis across global markets at Commodities.