Crude Holds Losses On Peace Talks, Stocks Fluctuate

Oil prices edged up Tuesday, though they remain below $80 following Monday’s drop that came after the US Treasury said it was temporarily lifting sanctions on Iran to allow it to produce, sell, and deliver crude oil and related products through August 21.

Maritime trackers also pointed to an uptick in tanker traffic through the Strait of Hormuz.

US Vice President JD Vance said a “very good…