Oil Steadies as Trump Reiterates Preference for Deal with Iran

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US-Iran Tensions:Oil steadied as US President Donald Trump said his preference was for a nuclear deal with Iran before talks this week, though he warned of consequences if an agreement wasn’t reached.Brent traded near $71 a barrel after closing slightly lower on Monday, and West Texas Intermediate was near $66. Trump said in a social media post it will be a “very bad day” for Iran if a deal isn’t agreed, and pushed back on reports the Pentagon was worried an extended military campaign may prove difficult.