Oil prices edged lower as investors weighed uncertainty over U.S. strikes on Iran. This was reported by Qazaqyia.kz citing Reuters.
Market participants are analyzing the potential consequences of U.S. military actions in Iran, including the impact on oil supplies. Despite geopolitical risks typically pushing prices higher, investors are skeptical about the long-term effect.
According to experts, volatility in the market may persist depending on how the situation develops. Further escalation of tensions between the U.S. and Iran is likely to have a significant impact on oil prices.