JAKARTA, KOMPAS.com - Global oil prices strengthened again by nearly\n3% during trading on Tuesday (24\/3\/2026), after plummeting more than 10%\nin the previous day\u2019s session.<\/p>\n
This rebound was driven by rising market concerns over global energy\nsupplies, following Iran\u2019s denial of any discussions with the United\nStates (US) to end the conflict in the Middle East region.<\/p>\n
The denial contradicted a statement by US President Donald Trump, who\nhad previously indicated that a deal with Iran could be reached\nsoon.<\/p>\n
Citing Reuters, Brent crude oil rose $2.89 or 2.9% to $102.83 per\nbarrel at 14:10 WIB. Meanwhile, West Texas Intermediate (WTI) crude\nstrengthened by $2.49 or 2.8% to $90.62 per barrel.<\/p>\n
The increase came after oil prices had fallen more than 10% on Monday\n(23\/3\/2026).<\/p>\n
KCM Trade Market Analyst Head, Tim Waterer, assessed that the delay\nhad temporarily eased the war risk premium on oil prices. However,\ntoday\u2019s price rise reflects the market\u2019s effort to stabilise amid\nuncertainty.<\/p>\n
\u201cToday\u2019s moderate increase only shows the market is seeking footing.\nMarket participants realise that even though missiles are held back, the\nStrait of Hormuz is still far from safe,\u201d he said.<\/p>\n
The conflict in the Gulf region has halted nearly all shipments of\naround one-fifth of the world\u2019s oil and liquefied natural gas (LNG)\nsupply through the Strait of Hormuz. Nevertheless, two tankers bound for\nIndia were reported to have successfully passed through on Monday.<\/p>\n
In a note to clients, Macquarie Group forecasts that oil prices will\nremain in the $85-90 per barrel range, with potential to return to $110\nper barrel until the Strait of Hormuz fully recovers.<\/p>\n
Moreover, if the route remains disrupted until the end of April 2026,\nBrent prices could potentially surge to $150 per barrel.<\/p>\n
On the other hand, attacks on energy infrastructure continue to\noccur. The office of a gas company and a pressure reduction station in\nthe city of Isfahan, Iran, were reportedly hit, while projectiles struck\na gas pipeline supplying a power plant in Khorramshahr.<\/p>\n
To alleviate supply shortages, the US has temporarily eased sanctions\non Russian and Iranian oil already at sea. Industry sources state that\ntraders are now offering Iranian crude to Indian refineries at a premium\nto the ICE Brent benchmark.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/global-oil-prices-rise-again-after-iran-denies-talks-with-us-1774349510", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }