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Tuesday, November 3, 2026 18:55 GMT
Oil prices rose in early Asian trade on Tuesday after a report that the United States had struck Iran's Qeshm Island, raising concerns about an escalation of the eight-month conflict and prolonged disruptions to Middle East oil supplies. Brent crude futures rose 48 cents, or 0.5%, to US$105.25 a barrel by 0104 GMT while US West Texas Intermediate crude was up 47 cents, or 0.5%, at US$96.93 a barrel. Brent crude futures settled US$8.66, or 7.63%, lower to US$104.77 a barrel on Monday. The...More