Oil prices steady as EU sanctions on Russia and Iran talks loom ...Middle East

Brent crude futures edged up 5 cents to $69.33 a barrel, while US West Texas Intermediate crude rose 2 cents to $67.36.

Rosneft, a major stakeholder in Nayara, condemned the sanctions as unjustified, warning they could threaten India’s energy security.

The discussions come after warnings from European nations that failure to negotiate could lead to renewed sanctions.

Additional market pressure stems from impending US tariffs on EU imports, set to take effect on August 1.

However, US Commerce Secretary Howard Lutnick expressed optimism about reaching a trade agreement with the bloc. - AFP

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