Crude oil rose above $93 per barrel on Tuesday as uncertainty over US-Iran negotiations outweighed the resumption of shipments through Saudi Arabia’s East-West pipeline. Iranian officials reportedly questioned whether an agreement to end hostilities in the Middle East and reopen the Strait of Hormuz could be reached before the US midterm elections in November. Recent talks in New York made limited progress, while President Donald Trump rejected Tehran’s latest proposal to reopen the strategic waterway. Trump is reportedly considering sanctions relief and the unfreezing of funds if Iran makes meaningful progress toward a nuclear agreement. Saudi Arabia restored flows to around 3.5 million barrels per day after repairing the pipeline, which offers an alternative route around Hormuz.