Crude is down a second day as the market leans on hopes for a diplomatic resolution to the Iran war. The geopolitical premium is leaking out of the barrel, which supports risk assets and cools the inf

What happened: Oil prices climbed after U.S. strikes on Iran's Qeshm Island, rebounding a day after the U.S. and Iranian presidents signalled openness to a diplomatic solution to the Iran war. Why it matters: The price rebound shows markets reacting to renewed military action even as both sides had indicated a possible diplomatic path. Coverage: 11 outlets in 24h

Oil prices climbed after U.S. strikes on Iran's Qeshm Island, rebounding a day after the U.S. and Iranian presidents signalled openness to a diplomatic solution to the Iran war.

The price rebound shows markets reacting to renewed military action even as both sides had indicated a possible diplomatic path.