Oil Prices Swing as Iran Talks Meet Houthi Attacks on Saudi Arabia

TLDR Brent crude traded near $115 to $116 a barrel on Tuesday, while WTI sat near $101 to $102. Iran, Saudi Arabia, Pakistan and Turkey agreed to keep talking after a Tehran meeting. Houthi forces claimed attacks on Saudi pipeline pumping stations and Riyadh airport. Oman said talks with Iran produced an outline to restore free navigation in the Strait of Hormuz. The IEA’s Fatih Birol said energy markets are unlikely to return to pre-war conditions in 2027. Oil prices moved up and down on Tuesday as traders weighed diplomatic efforts against new attacks in the Middle East. Prices were mixed depending on the contract and time of day. Benchmark Brent crude futures rose 0.5% to $116.38 per barrel in early trading, according to Investing.com. U.S.

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