WTI climbs above $82 as US-Iran standoff underpins oil

West Texas Intermediate advanced on Monday, trading around $82.10 per barrel and up roughly 0.70% on the day. The move left the US benchmark holding above the $82.00 level.

Oil prices remained supported by the unresolved standoff between the United States and Iran. The deadlock is keeping market attention on the Strait of Hormuz, with concerns that crude flows through the key chokepoint could be affected.

Key facts from the source:

• WTI traded near $82.10, up about 0.70% on the session.
• The US-Iran standoff continues to support prices.
• Focus remains on potential disruption to oil flows through the Strait of Hormuz.

The source did not provide further details on negotiations, specific supply disruptions, or next steps.