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The Economic Times

Oil prices steady as investors assess US-Iran war outlook

Iran Oil United States the Strait of Hormuz the Middle East

Oil prices steadied in early trade on Thursday as investors assessed the outlook for the U.S.-Iran war and the security of shipping through the Strait of Hormuz.

Brent crude futures for October delivery rose 25 cents, or 0.3%, to $91.87 a barrel by 0037 GMT, while U.S. West Texas Intermediate crude ‌futures for ⁠September slipped ⁠2 cents to $85.81 a barrel. The more active October WTI contract gained 14 cents, or 0.2%, to $84.53.

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