Oil prices rose Wednesday as investors cautiously monitored the Middle East, where a shaky ceasefire between Iran and Israel remained. Both sides claimed victory – Iran called its strike a “historic punishment,” while Israel said it neutralized the “Iranian nuclear threat.” However, a leaked U.S. report suggested Iran’s nuclear program was only delayed by months.
Brent crude climbed 1.15% to $67.91, and WTI rose 1.21% to $65.15, signaling lingering market unease.
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U.S. stocks saw modest gains, with European and Asian markets also edging higher. The dollar strengthened slightly but remained below early-year levels.
“Risks still lean toward higher oil prices,” warned Oxford Economics’ Ryan Sweet, noting the volatile situation.
Meanwhile, former President Trump criticized both nations for ceasefire violations, urging Israel to “bring your pilots home.”
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