WTI crude swung sharply as traders balanced hopes for renewed U.S.-Iran diplomacy against persistent supply risks from the Strait of Hormuz.

July Brent oil futures are at $110.76, down by 0.20%, and July crude oil futures on WTI are at $103.82, down by 0.18%

Oil prices tick higher after a sharp selloff on US-Iran deal optimism. Brent and WTI whipsaw as Strait of Hormuz blockade fears dominate crude markets.

Crude oil futures rise slightly amid uncertainty over US-Iran peace talks, with Brent at $105.79 and WTI at $99.11.

Oil prices saw a rise on Friday amid doubts about U.S.-Iran peace talks. Investors are concerned about Middle East instability and potential supply disruptions. Despite some…