Oil prices climb 2% to two-week high on US-China tariff reductions

Oil prices surged by approximately 2% following the U.S. and China's agreement to ease tariffs, fueling optimism for a resolution to their trade dispute. Brent crude reached $65.26 a barrel, while WTI crude hit $62.42. Saudi Aramco anticipates resilient oil demand, potentially increasing if the U.S. and China resolve their differences. However, potential Iranian nuclear deal and U.S.