Oil prices saw marginal gains as fresh threats between Iran and the US heightened concerns over the Strait of Hormuz closure. While Iran examines a new US proposal, President Trump indicated talks are on the "borderline" between a deal and renewed strikes. The ongoing blockade of the vital waterway continues to keep oil prices above $100 per barrel.

Oil prices dipped Tuesday after President Trump delayed a planned military strike on Iran, following appeals from Middle Eastern leaders. This de-escalation eased immediate…

Oil prices saw marginal gains as fresh threats between Iran and the US heightened concerns over the Strait of Hormuz closure. While Iran examines a new US proposal, President…