$90 Oil Prices Hold Steady Amid Middle East Supply Recovery and US-Iran Tensions

Oil prices held above $90 per barrel on Thursday as energy traders weighed signs of rebounding Middle East oil shipments against an unresolved diplomatic deadlock between Washington and Tehran.

Saudi Arabia successfully restored half the operating capacity of its critical East-West pipeline, while maritime transit volumes through the Strait of Hormuz recovered to 13.2 million barrels per day.

However, market sentiment remains cautious regarding the sustainability of supply flows without a formal peace accord to end the war with Iran, as both Washington and Tehran maintain competing claims over the strategic maritime bottleneck.