<ul data-eligibleForWebStory="false"><li>Oil prices remained stable as focus shifted to potential repercussions from US tariffs and escalating tensions in the Red Sea.</li><li>Brent hovered around $69 per barrel after a 1.9% increase on Monday, while West Texas Intermediate was below $68 amid uncertainty.</li><li>Recent volatility in the oil market stemmed from conflicts in the Middle East, specifically the attacks in the Red Sea, following a fragile truce between Israel and Iran.</li><li>Despite higher OPEC+ supply forecasts for August and geopolitical tensions, oil prices closed higher, with signs of tightness in the diesel market due to summer supply constraints.</li></ul>

Oil Steadies As Traders Focus On US Tariffs, Red Sea Attacks

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