OIL STEADY AS US MILITARY PREPS NEW STRIKES ON IRAN

What happened: Oil held steady as the U.S. military prepared new strikes on Iran, and Washington temporarily lifted sanctions on Russian diesel to ease surging global prices. Key numbers: Brent up 2 cents at $106.08 per barrel; WTI rose $2.96 to $98.05. Crude inventories fell 8.6 million barrels to 415.6 million. IEA agreed to release over 20 million barrels of diesel. Why it matters: MUFG analysts said the Saudi-Houthi conflict keeps a geopolitical premium in oil markets, though energy infrastructure has not been attacked in recent days. Ukraine resumed strikes on Russian refineries. Coverage: 3 outlets in 24h

Oil held steady as the U.S. military prepared new strikes on Iran, and Washington temporarily lifted sanctions on Russian diesel to ease surging global prices.

MUFG analysts said the Saudi-Houthi conflict keeps a geopolitical premium in oil markets, though energy infrastructure has not been attacked in recent days. Ukraine resumed strikes on Russian refineries.