Oil: Brent Fluctuates as Markets Await US-Iran Talks.

Brent crude oil futures climbed to $96.6 per barrel on Tuesday after dipping to $94.7 earlier, as markets focused on potential US-Iran talks with both sides still deadlocked ahead of a ceasefire deadline. Iran has not confirmed participation in negotiations in Pakistan, while disagreements persist over key issues including access to the Strait of Hormuz. President Donald Trump said Vice President JD Vance is ready to attend talks but warned the US will not rush a deal and could resume military action if no agreement is reached. Oil prices remain volatile as traders weigh shifting prospects for diplomacy and the near standstill in Hormuz traffic, with only a handful of vessels passing. The conflict continues to disrupt supply, with traders warning of rising demand destruction and deepening shortages, while global leaders including China have called for an immediate ceasefire and the restoration of shipping flows.