Oil steadies after two-day slump as investors eye Hormuz traffic

Oil prices experienced a slight stabilization as market participants keenly observed developments regarding the U.S.-Iran conflict. Recent reports from mediators indicated advances toward resolution, which initially contributed to a decrease in prices. As a result, Brent crude futures saw a modest uptick, joined by gains in West Texas Intermediate. President Trump engaged in discussions with Qatar's Emir, aiming to reconcile differences and explore potential peace agreements, while U.S.