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Oil ticks up after selloff as talks to end US-Iran war remain uncertain

By GhanaSummary Newsroom1 min read
Oil ticks up after selloff as talks to end US-Iran war remain uncertain

In the ​Red Sea, six Saudi-flagged supertankers changed course ​in the Gulf of ⁠Aden recently for southern Africa, while two tankers laden with Saudi oil crossed the Bab el-Mandeb Strait, shipping data showed on Monday.

Shipping traffic at the key Gulf waterways of Bab el-Mandeb and ​the Strait of Hormuz held largely unchanged at the start of the week.

President Donald Trump said on Sunday he was ⁠holding off on new attacks on Iran pending ongoing talks to end their war and settle claims over control of the key ​Strait of Hormuz.

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