Oil rises for the third session in a row as hopes for reaching an agreement between Washington and Tehran decline

Oil prices rose slightly for the third straight session on Tuesday, with the prospects of reaching an agreement ending the war in the Middle East declining, after Iran announced that it would adopt a more aggressive stance, while the United States ruled out extending the ceasefire agreement, which reinforced fears that energy supply disruptions would continue for a longer period. In terms of trading, Brent crude futures rose by 7 cents, or 0.08%, to $90.94.

per barrel by 10:31 GMT, while US West Texas Intermediate crude futures rose by 53 cents, or 0.63%, to $85.03 per barrel. Iran adheres to closing the Strait of Hormuz, and signs of progress in peace talks and the resumption of the movement of oil tankers through the strategic strait have stopped, which threatens to prolong the conflict that the United States and Israel began by launching attacks on Iran on February 28. The Iranian chief negotiator said

Muhammad Baqer Qalibaf said that Iran will keep the Strait of Hormuz closed until the United States meets the terms of the interim agreement signed in June, after Trump had previously described the agreement as “finished.” Ghalibaf's statements came after a senior Iranian official told Reuters on Monday that Tehran would move to a "fully offensive" military mode as efforts to end the war permanently faltered. However, some still remain

Oil shipments pass through the Strait of Hormuz, although the number of ships passing through is in the single digits. Iran is separately conducting negotiations with the Sultanate of Oman regarding an agreement to manage navigation traffic in the Strait of Hormuz, and Tehran says that the two sides are close to reaching an agreement. But Trump responded to those talks by threatening to bomb Oman, a country that has long been a security partner of the United States. In a separate development in the Middle East, the Houthis in Yemen launched missiles in an attack

On ships they said were a Saudi military ship and four ships accompanying it in the Red Sea.

The US dollar stabilized during trading on Tuesday, but remained near its lowest levels in more than two months against major currencies, with traders reducing their bets on raising interest rates, while the risks of escalation of the war in the Middle East kept market sentiment fragile.

•The white metal gives up its highest level in a week. •The expiration of the temporary peace agreement between the states

United States and Iran •Markets await the minutes of the Federal Reserve meeting

The Middle East Pharmaceutical Industries Company (Avalon Pharma) announced the signing of a strategic marketing agreement with Bio-Thera Solutions, under which it obtains exclusive rights to register and market the drug “Dupilumab” (a generic product of “Dupixent”) in the Kingdom of Saudi Arabia and the Middle East and North Africa region.