Crude oil futures hold steady as U.

Crude oil futures hold steady as U.S.-Iran negotiations loom. Markets are pricing in cautious optimism following reports that both nations may extend their ceasefire and restart diplomatic talks. Traders are closely monitoring developments that could lead to reopening the Strait of Hormuz, a critical chokepoint for global energy supplies. The potential for renewed negotiations has tempered volatility in crude markets, with futures finishing nearly unchanged Wednesday. A successful agreement could ease geopolitical tensions and stabilize energy prices. Conversely, any breakdown in talks could reignite price pressures. Investors should watch for official statements from both governments regarding ceasefire extensions and negotiation timelines, as clarity on these fronts will likely drive the next significant market move in oil futures.