Crude oil holds steady at $96 as US-Iran tensions simmer

Crude oil traded flat at $96 per barrel on Wednesday as markets assessed the impact of renewed US military operations against Iran. U.S. President Donald Trump stated that the campaign would not continue for an extended period, with U.S. forces having targeted Iranian radar and missile systems.

Traders are closely monitoring the geopolitical tensions and their potential effects on global energy markets. The stability in oil prices reflects cautious optimism that the conflict may remain limited in scope.