Oil Futures Consolidate as Traders Assess U.S.-Iran Developments

Core Viewpoint - Oil futures are experiencing consolidation as traders evaluate the implications of recent developments between the U.S. and Iran [1] Group 1: Market Reactions - Traders are closely monitoring geopolitical tensions, particularly the relationship between the U.S. and Iran, which is influencing oil prices [1] - The market is reacting to potential changes in supply dynamics due to these geopolitical factors [1] Group 2: Price Movements - Oil futures have shown fluctuations as traders assess the impact of U.S.-Iran developments on future supply and demand [1] - The consolidation phase indicates a period of uncertainty in the oil market, with traders weighing various scenarios [1]