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fxAug 4, 2026, 1:18 AM

WTI Edges Higher on Iran Uncertainty, Supply Fears

West Texas Intermediate crude oil rose during Asian trading on Tuesday, recovering from an overnight drop, amid ongoing Iran tensions and supply concerns.

WTI

WTI crude prices moved positively in early Asian trading on Tuesday, holding below the mid-$79s, as traders weighed geopolitical risks and supply tightness. The benchmark rebounded from an intraday slump on Monday after concerns over Iran and broader supply issues supported prices.

The move highlights persistent volatility in energy markets, with uncertainty around Iranian sanctions and production levels keeping buyers active. No major economic data was released to drive the move, leaving geopolitical factors in focus.

Source: FXStreet Forex News