<ul><li>Oil steadied above a four-year low as traders weighed the latest US moves in the trade war, as well as “constructive” weekend discussions between Washington and Tehran.</li><li>Global benchmark Brent traded near $65 a barrel following back-to-back weekly losses, while West Texas Intermediate was above $61.</li><li>Easing tensions with Iran may offer prospects of improved supply as weekend talks in Oman marked the first top-level engagement since 2022, signaling a renewed effort to resolve a standoff over Tehran’s nuclear program.</li><li>Crude has been driven sharply lower in April due to the trade war and fears of a global recession. OPEC+ decision to bring back shuttered output has added to the bearishness.</li></ul>

Oil Steadies With Trade War Shifts And Iran Talks To The Fore

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