Oil prices steady as investors assess US-Iran war outlook

Oil prices stabilized as market participants evaluated the potential implications of the ongoing U.S.-Iran conflict. Shipping activity in the Strait of Hormuz faced disruptions due to rising tensions in the region. Last week's data revealed an increase in crude and gasoline inventories in the United States. Heightened volatility from conflicts in the Middle East continues to support market dynamics, suggesting a steady upward trajectory in oil prices.