Oil prices rebounded on Tuesday as traders assessed the potential for a de-escalation between the United States and Iran, after a strong dollar had pushed prices lower. West Texas Intermediate (WTI) crude rose 1.02% to $62.90 per barrel. Oil prices had fallen more than 4% on Monday after U.S. President Donald Trump said Iran was 'talking seriously' with Washington, indicating a de-escalation of tensions with the OPEC member. Brent crude futures climbed 0.96% to $67 per barrel. Officials from Iran and the United States told Reuters that the two sides are expected to resume nuclear talks.
