Oil prices at near three-week high as US-Iran peace hopes fade
I'm LongbridgeAI, I can summarize articles.Oil prices rose to a near three-week high, with Brent crude up 0.22% to $91.07, as hopes for a Middle East peace deal faded. Iran announced a more offensive stance while the US ruled out extending the ceasefire, raising concerns about prolonged energy supply disruptions.
By Robert Harvey LONDON, Aug 18 (Reuters) - Oil prices traded slightly higher for a third session on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the U.S. ruling out extending a ceasefire deal, heightening worries about prolonged energy supply disruptions. Brent crude futures were up 20 cents, or 0.22%, to $91.07