Oil Steadies as Peace Talks Continue, Hormuz Traffic Recovers


Brent traded above $73 a barrel, after sinking by almost a third over the past three months, while West Texas Intermediate was near $70. US negotiators Jared Kushner and Steve Witkoff had positive discussions in Qatar and technical talks with Iran are moving ahead, a senior administration official said. The duo were in Doha for indirect talks to ease tensions over the critical waterway that connects Persian Gulf producers to world markets.



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