Brent crude climbed 1.6% to $85.12 a barrel in Asian trading Tuesday, rebounding after attacks on shipping in the Strait of Hormuz. The gain follows Monday's slide to a three-week low, when President Trump said he had held off a fresh attack on Iran as a gesture of goodwill in peace talks — though Tehran denies that any negotiations are taking place.
Brent crude bounced back in Asian trading on Tuesday after attacks on shipping in the Strait of Hormuz. The benchmark climbed 1.6% to $85.12 a barrel, a day after sliding to a three-week low.
That slide came after President Trump said he had held off a fresh attack on Iran, calling it a gesture of goodwill in peace talks. Tehran, however, has denied that any negotiations are taking place.
Source: Economy News
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