Crude oil hovers below $95 amid Iran war peace talks. What to expect next?

Oil prices inched lower in early Thursday trade as markets grew hopeful that the U.S. and Iran may extend their two-week ceasefire and continue diplomatic efforts to resolve the West Asia conflict. Sentiment was further supported by reports that Iran could allow ships to transit through the Strait of Hormuz, easing supply concerns.The White House said on Wednesday it was hopeful of reaching an agreement to end the conflict with Iran, but also warned that economic pressure on Tehran would intensi...