Oil holds largest monthly gains amid stalled talks
Oil prices have stabilized after their biggest gains in a month, with Brent crude reaching $95 per barrel and Texas Intermediate around $92. Amid uncertainty surrounding Washington and Tehran talks and regional tensions, especially with the potential reduction of energy flows through the Strait of Hormuz. The suspension of Iranian-American negotiations following Israel's attacks in Lebanon has heightened worries, despite the U.S. President's assurances of ongoing talks and a possible agreement in the near future. Many analysts expect oil prices to continue fluctuating, as the future of energy flows through the key strait remains unclear.
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