Oil prices rise amid uncertainties over Middle East agreement

Oil prices rose by more than 2% on Tuesday, with Brent crude briefly reaching $90 a barrel. This increase is attributed to declining optimism regarding a potential agreement between the US and Iran that could facilitate the reopening of the Strait of Hormuz, as reported by ECO.

Meanwhile, the price of Brent also increased by 1.36% to $88.91, according to information from Notícias ao Minuto. The uncertainties surrounding the agreement appear to be impacting the market, as negotiations remain at a standstill.