SINGAPORE, June 16, 2026 (WAFA) – Oil prices rose in early trading on Tuesday, supported by market anticipation surrounding details of a prospective agreement between the United States and Iran.
Meanwhile, gold prices remained largely stable as investors refrained from building new positions ahead of the expected announcement of the agreement's terms, which are anticipated to shape the trajectory of geopolitical tensions in the region and their impact on energy and precious metals markets.
Brent crude futures gained 26 cents, or 0.3%, to reach $83.42 per barrel, while U.S. West Texas Intermediate (WTI) crude rose 46 cents, or 0.3%, to $81.12 per barrel.
Spot gold edged up 0.2% to $4,315.87 per ounce after surging approximately 3.6% on Monday, marking its highest level since June 5.
K.T
