Oil rebounds on concerns about US-Iran peace deal, restoration of supply (opens original article in a new tab)

Oil prices rebounded as concerns grew over the lack of details in a U.S.-Iran peace deal and the slow restoration of supply through the Strait of Hormuz.

• Oil prices rebounded on concerns about the lack of details in a U.S.-Iran peace deal
• Brent crude futures rose 0.3% to $83.42 a barrel and U.S. West Texas Intermediate rose to $81.12 a barrel
• The restoration of supply through the Strait of Hormuz may take longer than expected
• A senior Iranian official said Iran would freeze its nuclear activity pending a final agreement