Oil prices bumped up on Tuesday as the United States and Iran prepared for further talks after a spurt of hostilities underscored the uncertainty surrounding attempts to secure a lasting peace.
Both Iran and the United States have said they are sending representatives to Doha, the capital of Qatar, on Tuesday. The two sides were not expected to meet directly.
Shipping traffic through the Strait of Hormuz, disrupted for months, bounced back on Monday after many shipowners held back over the weekend in the face of tit-for-tat strikes by Iran and the United States.
