Crude oil futures rise as Netanyahu visits Washington amid Iran tensions

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Crude oil futures increased on Wednesday, with the WTI grade rising over 1% to $64.90 per barrel, coinciding with Israeli Prime Minister Benjamin Netanyahu’s visit to Washington where he is expected to advocate for a tougher U.S. stance on Iran amid ongoing nuclear negotiations. This rise in oil prices is further supported by Kazakhstan’s production challenges at the Tengiz oil field, alongside India’s recent decision to reduce its purchases of Russian oil following a trade deal with the Trump administration, limiting alternative markets for Russian exports.

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