Oil prices climbed on Tuesday, with Brent crude rising back above $100 per barrel after a sharp sell-off in the previous session. The uptick reflects continued uncertainty over the ongoing conflict in the Middle East, which has disrupted key energy routes and raised concerns about global supply. U.S. West Texas Intermediate crude also gained, trading around $91.89 per barrel, up more than 4% from Monday’s lows.
The rebound comes after a volatile start to the week, when Brent crude fell roughly 11% following a surge above $112 per barrel last Friday. Market participants have been weighing geopolitical developments alongside energy infrastructure risks, which remain a major factor in oil pricing. Analysts note that repeated attacks on critical production and transportation facilities have fueled fears of prolonged supply disruptions.
The strategic Strait of Hormuz continues to play a central role in global oil flows, with about one-fifth of seaborne oil passing through the waterway before the conflict intensified. While statements of potential de-escalation initially weighed on prices, traders remain cautious, leaving oil markets sensitive to any developments that could threaten production or transit, keeping prices elevated despite recent volatility.
