Oil prices steady as investors assess U.S.-Iran war outlook

AI Summary

Oil prices remained steady as investors monitored the potential for conflict between the United States and Iran, alongside concerns about the security of shipping lanes in the Strait of Hormuz. The situation highlights geopolitical risks impacting energy markets and maritime security.

Oil firmed in early trade on Thursday as investors assessed the U.S.-Iran war outlook and the security of shipping through the Strait of Hormuz.