Oil prices edged higher on Tuesday after a sharp decline in the previous session, as investors weighed cautious optimism over US-Iran peace talks against uncertainty surrounding the resumption of crude shipments through the Strait of Hormuz, Reuters reported.

Oil prices surged Monday as shipping through the Strait of Hormuz slowed amid escalating tensions. Talks between U.S. and Iranian officials began on a rocky note, with Iran citing…

Oil prices retreated on Monday after signs of progress in US-Iran negotiations eased fears of ongoing supply disruptions in the Strait of Hormuz, a critical global oil transit…