Oil Steadies as Peace Talks, Flows Through Hormuz in Focus

Oil steadied after its biggest one-day jump in almost a year as markets remained tense over fears Israel could strike Iranian crude facilities in retaliation for a recent missile barrage. The headline kept crude prices elevated despite the subsequent stabilization, reflecting persistent geopolitical risk premium rather than improving fundamentals.

Analysis

Oil steadied after its biggest one-day jump in almost a year as markets remained tense over fears Israel could strike Iranian crude facilities in retaliation for a recent missile barrage. The headline kept crude prices elevated despite the subsequent stabilization, reflecting persistent geopolitical risk premium rather than improving fundamentals.