"For now, the market looks caught between short-term nerves over renewed hostilities and a lingering hope that both sides still have enough incentive to get energy flows moving,"

Oil markets remain volatile as traders struggle to interpret contradictory signals on prospects for U.S.-Iran peace agreement.

“The market is caught between two very different worlds. One where we get a deal, and you have a follow-through of a very powerful cyclical recovery, and another where the…