U.S. crude oil trades near a three-week high after rally fueled by Israel-Iran tension

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U.S. crude oil trades near a three-week high after rally fueled by Israel-Iran tension
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An expected attack by Iran on Israel is widely anticipated but has not yet materialized.

The U.S. crude oil benchmark eased a touch as an expected attack by Iran on Israel has not materialized.U.S. crude oil prices traded close to a three-week high Tuesday, after rallying on Monday in anticipation of an attack by Iran against Israel that could play havoc with Mideast production and transportation.

"These risks remain low-probability events, which helps explain the modest increase in prices," Gloystein wrote. But prices eased slightly Tuesday as a strike by Iran had not yet materialized.A key Senate matchup and a ‘squad' member on defense: What to watch in Tuesday's primaries

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