Oil Rises as US-Iran Diplomatic Stalemate Persists, Iran Threatens European Bases

Brent and WTI prices climbed on the lack of diplomatic progress between Washington and Tehran, compounded by Iranian threats against U.S. bases in Europe. The market is pricing in elevated supply risk from the Persian Gulf, though no concrete disruption has occurred. The escalation rhetoric marks a shift from prior de-escalation signals, raising the risk premium in crude.

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