image sourced from original article at Oil prices moved higher even after President Donald Trump extended the ceasefire between the United States and Iran, as investors remained uneasy about the stability of Middle East energy supplies. Brent North Sea crude approached 100 dollars per barrel, while West Texas Intermediate rose above 90 dollars, reflecting persistent concerns over disruptions.
European stock markets slipped amid uncertainty over whether peace talks would resume, and Asian markets delivered mixed performances. Market participants broadly expect both Washington and Tehran to seek an end to the conflict, but caution continues to dominate trading.
Analysts note that the ceasefire extension has done little to calm fears about the broader economic impact of elevated energy costs. With shipments from the Middle East still uncertain and no clear resolution in sight, oil prices remain sensitive to further developments.
