Oil climbs 3% as markets weigh potential US-Iran deal

Oil drilling rigs

Oil prices rose at the close of trading today, March 24, as global supply disruptions continued and Iran categorically denied any talks with the United States, contradicting optimistic statements by the US president about reaching an agreement soon.

 

Brent crude futures for May delivery rose 4.55%, or $4.55, to $104.49 a barrel. WTI crude oil futures for May delivery also rose by 4.79%, or $4.22, to $92.35 a barrel.

 

This comes against the backdrop of continued disruption to navigation in the Strait of Hormuz due to the war in the Middle East, despite US President Donald Trump's renewed assurances of holding talks with Iran to resolve the conflict, which has entered its fourth week.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Commodity Price

 
Brent Crude Oil
102.20
1.27 1.26%
Nymex
89.08
(1.16) (1.29%)

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request