INA-Follow-up
Baghdad —Brent crude futures rose by approximately 2% in early Asian trading on Tuesday, following defensive strikes launched by the U.S. military in southern Iran, which have kept global markets on high alert amid stalled negotiations to end the ongoing conflict.
Brent crude rose by $1.40, or 1.5%, to reach $97.56 per barrel, rebounding from a 7% decline settled during the previous session.
Meanwhile, U.S. West Texas Intermediate (WTI) crude futures edged higher to $91.25 per barrel, after previously recording a sharp drop of $5.30, or 5.5%, compared to last Friday's closing prices.