Oil prices traded higher on Tuesday, with international benchmark Brent crude climbing back above $100 per barrel.

Global oil prices edged higher in after-hours trading Monday to recoup portion of the nearly 11% lost during the regular session, as traders geared up for what’s likely to be another day driven by developments in the Iran conflict.

Oil prices have been excruciatingly volatile since the start of the year. They soared as tensions with Iran grew. Brent oil, the global benchmark, peaked near $120 a barrel after Iran struck energy infrastructure in the Persian Gulf.

By Nidhi Verma and Siyi Liu NEW DELHI/SINGAPORE, March 23 (Reuters) - Traders have offered Iranian oil to Indian refiners at a premium to ICE Brent after Washington temporary removed sanctions to ease the energy crisis caused by the U.

Benchmark Brent oil ​prices jumped above $119 a barrel on Thursday, March 19 after Iran attacked energy facilities across ‌the Middle East.

Will oil prices go up? No one can say for sure where oil prices will go next. Many forces shape the market—but at the core, it’s still about supply and demand. When risks like a potential recession or war ramp up,

Goldman Sachs has raised its oil price forecasts as the Strait of Hormuz crisis threatens a historic supply disruption.

Goldman Sachs late on Sunday raised its 2026 average price forecast for Brent crude oil to $85 per barrel (bbl) from $77, while ​raising its West Texas Intermediate (WTI) forecast to $79/bbl from $72.

President Trump said that U.S. was negotiating with Iran and added that the country agreed it would never have a nuclear weapon.