Oil Steadies as US Weighs Iran Proposal With Hormuz Still Shut

Oil held a gain as traders weighed the next steps toward peace talks over the Iran war, with the US discussing a proposal from Tehran while the crucial Strait of...

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

Oil held a gain as traders weighed the next steps toward peace talks over the Iran war, with the US discussing a proposal from Tehran while the crucial Strait of Hormuz remained almost impassable.