Oil prices remain steady as Trump signals possible end to US-Iran war. What’s near-term outlook?
US-Iran war: Oil prices were largely steady on Tuesday as investors assessed the likelihood of US President Donald Trump moving to end the Iran conflict against risks of supply disruptions from a prolonged shutdown of the Strait of Hormuz, a crucial route for global oil shipments.
Brent crude for May delivery edged up 18 cents, or 0.16%, to $112.96 per barrel at 0438 GMT, after slipping 1% earlier in the session. The May contract is set to expire on Tuesday, while the more actively traded June contract stood at $107.10.
