Oil prices settled in early trade on Monday as the U.S.-Iran truce remains in focus, with markets closely watching for signs of progress in stalled peace talks.
The geopolitical uncertainty continues to weigh on sentiment, though the immediate commodity response has been muted compared to earlier volatility in the week.
According to recent reports, the U.S. and Iran are expected to hold direct talks in Pakistan, though previous efforts at negotiations have stalled.
The lack of clarity on a resolution has kept energy markets on edge, with Brent crude hovering near key support levels.
Analysts suggest that any concrete developments in the coming days could trigger a sharper repricing in oil and related assets.