Oil prices rebounded slightly after yesterday's sharp drop, with uncertain US-Iran negotiations keeping supply risks alive

1. On Tuesday, international oil prices rebounded slightly, with Brent crude futures rising 0.8% to $84.25 per barrel and WTI crude rising 0.7% to $80.88 per barrel. In the previous trading session, Brent crude had plunged 7% to a three-week low and WTI fell more than 5% to nearly a one-week low, as Trump delayed strikes on Iran and announced a restart of negotiations. 2. Current market volatility stems from conflicting statements by the United States and Iran regarding negotiations. U.S. President Trump stated that he had paused a new round of attacks to promote a diplomatic solution, but on Monday, an Iranian foreign ministry spokesperson clearly denied any negotiations or meetings with the United States, leaving the prospects for ending the conflict uncertain. 3. The chief market analyst at KCM Trade pointed out that the downward pressure on oil prices has eased somewhat due to the ceasefire expectations, but the trend remains fragile. If military action resumes or another tanker near the Strait of Hormuz is attacked, oil prices could quickly rebound. 4. On the supply side, vessel tracking data shows that, due to threats from Yemen's Houthi group targeting Saudi ships, six supertankers flying the Saudi flag recently changed course in the Gulf of Aden and are heading south around Africa, further highlighting the risks to Red Sea shipping.