Oil stays steady amid Iran conflict
Oil prices maintained some gains as tensions in the energy markets persisted due to the ongoing crisis between the United States and Iran and the possibility of reopening the Strait of Hormuz. Brent crude traded at $95.04 per barrel, while West Texas Intermediate was slightly lower at $91.99. Conflicting statements between Trump and Iran regarding the resumption of talks eased market concerns, as investors focused on the progress of negotiations and their potential impact on global oil prices, especially after oil supplies were affected by disrupted shipments from the Gulf due to the Iranian dispute, coupled with U.S. oil exports reaching record levels.
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