Oil little changed on uncertainty over US-Iran peace deal

Oil prices were little changed on Friday after sharp declines in the prior session, as hopes for a near-term end to the U.S.-Israeli war with Iran dimmed following Hezbollah’s rejection of a new ceasefire in Lebanon. The geopolitical backdrop remains supportive for crude risk premia, but the immediate price action was muted. The article signals elevated uncertainty for energy markets rather than a fresh directional catalyst.

Analysis

Oil prices were little changed on Friday after sharp declines in the prior session, as hopes for a near-term end to the U.S.-Israeli war with Iran dimmed following Hezbollah’s rejection of a new ceasefire in Lebanon. The geopolitical backdrop remains supportive for crude risk premia, but the immediate price action was muted. The article signals elevated uncertainty for energy markets rather than a fresh directional catalyst.