Fears over Iranian oil supply exacerbate market volatility

According to Energy Press, the price of North Sea Brent crude, which had fallen on Friday due to concerns about increased supply from OPEC+, especially Iran, and uncertainties in US-China trade talks, rose 0.48 percent (32 cents) to $66.87 per barrel today.
This price fluctuation shows that the oil market is still affected by political and economic factors. On the one hand, the possibility of increased oil supply from Iran in the event of a nuclear deal, and on the other hand, trade tensions between the world’s two largest economies have left traders with uncertainty.