#Steadied

Oil steadied ahead of a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, which is being held against the backdrop of the Iran war that shows no signs of a near-term resolution.

Oil steadied as US President Donald Trump cast doubt over the ceasefire with Iran after rejecting Tehran’s latest peace offer, prolonging the effective closure of the vital Strait of Hormuz.

Gold steadied after its biggest daily advance since end-March, as hopes of a US-Iran deal sent oil prices plunging and eased inflation concerns.

Oil steadied after plunging 7% in the previous session, as the US and Iran weighed a fresh proposal to end the war in the Middle East.