[International Oil Prices] Market stays on sidelines awaiting ceasefire talks

[Financial News]

International oil prices were little changed on the 15th (local time).
Investors stayed on the sidelines as they waited for ceasefire talks between the United States and the Islamic Republic of Iran.
President Donald Trump said in interviews with Fox News and the UK’s Sky News that ceasefire talks would resume this week and that the war could end before the end of the month.
Oil prices saw no major swings.
According to CNBC, June futures for Brent crude oil, the global benchmark, settled at $94.93 a barrel, up $0.14, or 0.15%, from the previous session.
May futures for West Texas Intermediate crude oil (WTI), the US benchmark, closed slightly higher at $91.29 a barrel, up $0.01, or 0.01%.
In an interview with the New York Post the previous day, President Trump had said that talks with the Islamic Republic of Iran would resume "within the next two days." He told Fox Business that the war was "very close to over."
The Wall Street Journal (WSJ) reported that more than 20 ships had passed through the Strait of Hormuz in the previous 24 hours.
However, supply concerns were rekindled after Treasury Secretary Scott Bessent said he would move to block purchases by China and reimpose sanctions on Iranian crude. While the United States is allowing ships that do not call at Iranian ports to transit the Strait of Hormuz freely, shipping flows remain effectively blocked amid the risk of Iranian attacks and naval mines.

dympna@fnnews.com Song Kyung-jae Reporter