Oil largely unchanged as US-Iran peace talks stall, Hormuz shipping slows
Brent crude futures climb 0.2% to US$88.72 by 2350 GMT
Brent crude futures rose marginally to US$88.72 on Monday as oil prices remained largely unchanged, despite the ongoing US-Iran conflict and slow shipping through the Strait of Hormuz. The Strait of Hormuz, a crucial shipping route, saw a decrease in tanker traffic over the weekend due to attacks on tankers. Meanwhile, US West Texas Intermediate crude futures fell slightly to US$82.35 per barrel.
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