Oil prices rose Tuesday after conflicting statements between the United States and Iran fueled fears that a new peace plan is not coming anytime soon. File Photo by Bonnie Cash/UPI | License Photo
Aug. 11 (UPI) -- The price of oil reached $90 per barrel Tuesday as Iran and President Donald Trump traded jabs about war reparations, decreasing hopes for a new peace deal.
The price dipped back down to $87 as of Tuesday morning.
West Texas Intermediate futures rose 19 cents to $82.32 per barrel around 8 a.m. EDT. Brent crude was up to $87.74.
Prices had dipped when Pakistan's Defense Minister said the two warring countries were "close to some sort of arrangement."
