Oil Steadies as Peace Talks, Flows Through Hormuz in Focus

AI Summary

Oil prices stabilized after experiencing the largest quarterly decline since the pandemic, as traders focused on peace talks between the US and Iran and the resumption of shipping traffic through the Strait of Hormuz.

Oil steadied after the biggest quarterly drop since the pandemic as traders monitored peace talks between the US and Iran and the return of shipping through the Strait of Hormuz.