Oil prices hold near 7‑month highs: US‑Iran talks, tariffs and inventories set the next move
Oil prices hovered near seven-month highs Tuesday before slipping, with Brent futures down 25 cents at $71.24 a barrel and WTI off 25 cents to $66.06 by late morning. A $3–$4 per barrel geopolitical risk premium has emerged amid Middle East tensions, new U.S. tariffs, and surging tanker rates. Traders await U.S. inventory data and Thursday’s U.S.-Iran talks in Geneva.
