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17 June
Oil prices saw a mild increase amid uncertainty regarding Iran and the Strait of Hormuz.
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Oil prices have risen due to market concerns regarding the details of a potential agreement between the United States and Iran. Investors are attempting to assess whether a conflict with Iran will conclude and if the Strait of Hormuz will fully return to normal operations.
A lack of clear details surrounding the U.S.-Iran agreement has contributed to market anxiety. There are also concerns about a potential delay in restoring the flow of fuels through the Strait of Hormuz.
On June 16, Brent crude futures saw an increase. The following day, June 17, oil prices experienced a mild rise in early trading.
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