Oil prices continued to ease on Tuesday as markets tracked the outcome of potential US-Iran engagement in Doha, even as weekend missile exchanges signalled instability. This comes after the two sides reached an interim peace deal aimed at ending the four-month conflict.

Brent crude futures up $73.17 a barrel; US West Texas Intermediate crude rises $70.92; US and Iran attacks underscore fragility of the interim peace deal.

Oil markets send mixed signals with Brent rising, WTI easing and Murban outperforming as US-Iran talks and Strait of Hormuz traffic stay in focus.