Oil prices climbed to Sh13,205 per barrel as global markets anticipated potential US-Iran discussions during the UN General Assembly. The rise follows reports that some Gulf oil supplies are gradually recovering, despite the ongoing tensions between the US and Iran. Analysts suggest the diplomatic push could influence energy markets, though no formal talks have been confirmed.
The US president is set to address the UN General Assembly, with Iran's role in the conflict remaining a key focus. During his visit to New York, he will also meet with Gulf leaders affected by the war. The timing of the talks coincides with growing concerns over regional stability and the impact on global oil trade.
Markets are closely watching for any signs of de-escalation, but the situation remains volatile. The potential for renewed dialogue between the US and Iran could have significant implications for oil prices and international relations. Investors are advised to monitor developments as the week unfolds.
