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West Texas Intermediate (WTI) crude oil prices climbed above $95.50 on Monday, reversing nearly 3% losses from the previous session. The rebound occurred amid geopolitical tensions following U.S. President Donald Trump’s rejection of Iran’s proposal to resume nuclear negotiations, which heightened concerns about Middle East supply stability. Asian traders observed prices hovering near $95.70 during early trading hours, reflecting mixed market sentiment between supply risks and broader economic uncertainties.
The rejection of Iran’s proposal has reignited fears of prolonged geopolitical instability in oil-rich regions, directly impacting crude markets. Traders are now assessing how prolonged U.S.-Iran tensions might disrupt OPEC+ production strategies and global energy flows. Additionally, the U.S. Federal Reserve’s upcoming interest rate decisions and inflation data could further influence oil demand expectations.
For Gulf investors, the price rebound underscores the sensitivity of energy markets to geopolitical developments. Key watchpoints include OPEC+ compliance with production cuts, U.S. shale output trends, and potential sanctions on Iranian oil exports. The interplay between supply constraints and macroeconomic factors will likely dictate short-term volatility in crude prices.
