Oil Steadies as US Sees Progress in Iran Deal Despite Tensions
AI Summary
Oil prices remained steady in early Asian trading as the US highlighted progress toward an Iran peace deal, despite ongoing hostilities and concerns over the strategic Strait of Hormuz. The market remains cautious amid geopolitical tensions affecting energy supply.
Oil was little changed in early Asian trading, as the US touted progress toward a peace deal with Iran despite fresh hostilities and uncertainty over the vital Strait of Hormuz.
World Politics Markets Commodities Energy oil prices Iran deal Strait of Hormuz energy markets geopolitical tension US progress