Oil steadies amid Iran conflict doubts
Oil prices rose slightly as investors began to assess the possibility of an end to the war with Iran and the reopening of the Strait of Hormuz. Brent crude increased by 0.6% to reach $79.43 per barrel, while West Texas Intermediate rose by 0.6% to $76.53. This came after the announcement of details of a temporary agreement between the United States and Iran, which includes ending the blockade of Iranian ports and resuming oil tanker crossings through the Strait of Hormuz. Market expectations suggest that oil prices will remain volatile within a narrow range.
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