Commodity Corner | Crude Prices Rise on Renewed Concerns Over Iran Conflict - 03.11.2026
Aetram Global Research - Commodity Corner
Aetram Global Research - Commodity Corner
Commodity Corner | Crude Prices Rise on Renewed Concerns Over Iran Conflict - 03.11.2026
- Oil prices edged higher in early Asian trade on Tuesday following a report of a U.S. strike on Iran’s Qeshm Island.
- The report raised concerns about escalation of the eight-month conflict and prolonged disruptions to Middle East oil supplies.
Price Movements:
- Brent crude futures rose 48 cents, or 0.5%, to $105.25 per barrel.
- U.S. WTI crude gained 47 cents, or 0.5%, to $96.93 per barrel.
- The recovery followed Monday’s sharp decline, when Brent settled $8.66, or 7.63%, lower at $104.77 per barrel.
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