Oil gains after selloff, awaits progress on Strait of Hormuz flows (opens original article in a new tab)

Oil prices rebounded on Tuesday after a sharp fall, supported by tempered optimism over US-Iran peace talks, while investors awaited clearer signs of progress in restoring crude flows through the Strait of Hormuz.

• Oil prices rebounded after a sharp fall
• Oil gains supported by tempered optimism over US-Iran peace talks
• Investors await progress in restoring crude flows through Strait of Hormuz