03/24/2026, 09:1703/24/2026, 09:17
Oil prices are rising after the sharp price fluctuations at the beginning of the week. A barrel (159 liters) of Brent crude oil from the North Sea for delivery in May cost 101.91 US dollars on Tuesday morning, almost two percent more than the day before.
There were strong price fluctuations on Monday after US President Donald Trump postponed an ultimatum to Iran and spoke of “productive” talks with the war opponent. Iran then denied negotiations between Tehran and Washington to end the war. In the wake of this news, the price of Brent oil fluctuated in a range between $96 and more than $114.
“The market continues to react very sensitively to new headlines,” said analysts from the trading company XS.com, commenting on trading events. If other states in the Persian Gulf enter the conflict, there is a risk of a significant escalation of the situation on the oil market.
Analysts at the US investment bank Goldman Sachs expect an extreme shortage of supply if the war lasts longer. Currently this would still concentrate on countries in Asia. But it could also spread to other regions of the world. (sda/awp/dpa)