Oil prices steadied after Israel and Iran agreed to end attacks, halting a flare-up in hostilities that threatened to derail Middle East peace talks.
Brent crude held near $94 a barrel, while West Texas Intermediate was above $91.
Israeli Prime Minister Benjamin Netanyahu said the country will hold fire against Iran for now, but will respond if Tehran attacks again.
A fragile ceasefire remains in place, but the Strait of Hormuz is still closed by a double blockade maintained by Tehran and Washington.
An unladen oil tanker in the Gulf of Oman was disabled by US forces after it attempted to sail to an Iranian port.
US President Donald Trump said the US will declare 'total victory' in its war with Iran over the next two weeks.
Even if a US-Iran peace deal is agreed, multiple hurdles will impede normal oil flows, including mine removal, field restarts, and infrastructure repairs.
