Oil Steadies After Slumping on Moves to Restart US-Iran Talks

Oil held a drop, with the US and Iran looking to arrange a second round of peace talks in the coming days, as a blockade of the Strait of Hormuz...

By Charlie Zhu, Sarah Chen, Charles Gorrivan · Bloomberg Markets

Oil held a drop, with the US and Iran looking to arrange a second round of peace talks in the coming days, as a blockade of the Strait of Hormuz continued to impede energy supplies vital for the world economy.