US-Iran war: Oil prices rebound after 11% fall as supply risks persist; can rise to $150/bbl, says Macquarie
Crude oil prices edged higher on Tuesday, March 24, amid supply concerns after Iran denied holding discussions with the United States to end the Gulf conflict, contradicting statements by Donald Trump, who had indicated that a deal could be reached soon.
Brent crude futures surged to $104 per barrel, while the US crude benchmark West Texas Intermediate advanced almost 4%.
