Crude futures rose midday Thursday as investors awaited the outcome of negotiations over reopening the Strait of Hormuz.

Crude oil futures fell midday Tuesday after U.S. Treasury Secretary Scott Bessent said an agreement to reopen the Strait of Hormuz could be imminent.

PERTH, Aug 5 : Oil steadied on Wednesday after steep falls in the previous two trading sessions, as investors waited to see if efforts to end the U.S.-Iran war and restore traffic…