Oil steadies as uncertainty over US-Iran talks keeps markets on edge
- Posted on June 2, 2026
- By Business News Today
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- 1 min read
Oil steadies as uncertainty over US-Iran talks keeps markets on edge
Oil prices held steady Tuesday amid uncertainty surrounding U.S.-Iran ceasefire talks and the potential reopening of the Strait of Hormuz. Brent crude futures edged up, while WTI saw a slight dip. Market analysts emphasize that ongoing negotiations and Iran's threats regarding the Strait will dictate oil price volatility.
