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Tue, 24 Mar 2026

Tue, 24 Mar 2026 Oil back above $100 as conflicting reports emerge on US-Iran talks

Stock markets had originally rebounded on Monday said Trump said he would hold off strikes on Iran.

* Brent crude oil price rose by 4% to $103.94 (£77.57) a barrel in Asia on Tuesday
* Nymex Light Sweet was 4.1% higher at $91.75
* Price of Brent had fallen by more than 10% on Monday after US President Donald Trump delayed threatened strikes on Iranian power plants
* Global energy markets have seen volatile trading since the US and Israel attacked Iran on 28 February
* Asian stock markets were relatively stable on Tuesday, with: + Japan's Nikkei 225 up 0.8% + Hong Kong's Hang Seng up by 1.6% + South Korea's Kospi rose by 2.2%