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Oil prices held on to most of the previous session’s sharp gains in early trade on uncertainty over the status of ceasefire talks between the United States and Iran and the potential reopening of the Strait of Hormuz, Reuters reports.
US President Donald Trump said on Monday talks with Iran were ongoing, while Tasnim news agency reported that Tehran had suspended indirect negotiations with Washington.
Brent crude futures inched up 6 cents, or 0.06 per cent, to $95.04 a barrel at 0001 GMT, while US West Texas Intermediate fell 17 cents, or 0.18pc, to $91.99 a barrel.
