Global oil prices settle at one-month high despite new Iran ceasefire proposal, as blockade on Saudi Arabia by Yemen's Houthis keeps market on edge

Oil steadies as hopes of renewed US-Iran negotiations offset Houthi threat

July 20 : Oil prices were steady on Monday, pulling back from earlier highs as price pressure from hopes of renewed U.S.-Iran negotiations was countered by Yemen's Houthis declaring a naval blockade against Saudi…