Oil prices remained steady on Tuesday after sliding more than 2% the previous day, with investors weighing the potential impact of tougher US sanctions on Iran against ongoing risks to oil supplies.

Crude oil price has held steady in the past few days as Iran plots escalation ahead of US sanctions that will be announced on Monday.

Aug 25 : Oil prices steadied on Tuesday, after falling more than 2 per cent in the previous session, as investors assessed the impact of harsher U.S. secondary sanctions against…