Oil prices rose slightly as traders weighed supply from the Middle East, and a key Saudi Arabian oil pipeline remained shut down after the attack. After rising more than 1% on Monday, WTI crude oil futures continued to climb to around $102 per barrel on Tuesday, while Brent crude futures closed above $105. Saudi Arabia's east-west oil pipeline, which is a key alternative route to the Strait of Hormuz, was closed last week, and Saudi Aramco has yet to say how long the interruption will last. However, according to a source familiar with the matter, Riyadh is currently seeking to increase the volume of crude oil transported through the Strait of Hormuz.

Oil prices rose slightly as traders weighed supply from the Middle East, and a key Saudi Arabian oil pipeline remained shut down after the attack. After rising more than 1% on Monday, WTI crude oil futures continued to climb to around $102 per barrel on Tuesday, while Brent crude futures closed above $105. Saudi Arabia's east-west oil pipeline, which is a key alternative route to the Strait of Hormuz, was closed last week, and Saudi Aramco has yet to say how long the interruption will last. However, according to a source familiar with the matter, Riyadh is currently seeking to increase the volume of crude oil transported through the Strait of Hormuz.