Oil Prices Steady Amid US-Iran Talks

Oil prices rose slightly as efforts to de-escalate tensions between the U.S. and Iran continued. Brent crude futures increased by 43 cents to $72.23 per barrel, while West Texas Intermediate rose by 32 cents to $69.01. This comes amid cautious optimism about stability in the Middle East, as some countries resume oil production following the reopening of the Strait of Hormuz. Additionally, exports from the UAE and Kuwait have increased, and Saudi Arabia is moving toward boosting its exports to Asia.

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