Oil steadied as concerns that a trade war between the US and China will hurt global growth were offset by President Donald Trump ramping up economic pressure on Iran.
Brent crude traded near $76 a barrel after a rocky start to the week that saw markets whipsawed by the announcements of tariffs, and then delays to duties on Canada and Mexico. West Texas Intermediate was below $73. Meanwhile, Trump signed a directive on Tuesday asking Treasury Secretary Scott Bessent to use sanctions and tougher enforcement of existing measures to increase the pressure on Tehran.
