Oil steadies after Trump signals restraint on Iran, Hormuz risks persist
- Oil prices remained stable after President Trump suggested a reduction in military action against Iran.
- Brent crude oil rose slightly to $98.35 per barrel, while US West Texas Intermediate increased to $91.30 per barrel.
- Brent experienced a significant 16% drop last week, marking the steepest decline since the COVID pandemic began.
- Geopolitical risks in the region remain high, as military escalation cannot be ruled out despite hopes for diplomacy.
