Oil Prices Hold Near $95 as Brent, WTI Weigh Hormuz Risk Against Fresh U.S.-Iran Peace Hopes (Reuters)
Oil ended little changed Wednesday. Brent edged up 14 cents to finish at $94.93 a barrel, while U.S. WTI futures ticked just a penny higher, closing at $91.29. Optimism around potential U.S.-Iran talks, along with President Donald Trump saying the war was “close to over,” capped any significant gains. Still, muted tanker movement through the Strait of Hormuz—a crucial route for crude shipments—helped prevent a bigger drop.