Oil prices rise amid fragile ceasefire, supply worries; Brent trades near $105/bbl
Global oil prices traded higher on Tuesday morning as supply worries persisted amid a fragile US-Iran ceasefire and concerns of renewed hostilities in West Asia.
US president Donald Trump on Monday told reporters that the ceasefire is on “massive life support” and is “unbelievably weak”. Following his comments, Iranian parliamentary speaker Mohammad Ghalibaf said Iran’s armed forces were ready to respond to any aggression.
