Oil little changed on uncertainty over US-Iran peace deal

Oil prices were little changed on Friday following ‌sharp declines in the previous session, with prospects dimming for a near-term end to the U.S.-Israeli war with Iran after the Hezbollah militia rejected a new ceasefire in Lebanon. Brent crude futures fell 21 ​cents, or 0.22%, to $95.24 a barrel by 0003 GMT after settling down 2.84% ​in the previous session. US West Texas Intermediate crude was at $92.94 a barrel, ⁠down 10 cents, or 0.11%, following a 3.1% loss on Thursday. Both contracts are ​set to post their first weekly gain in three weeks, with WTI up more than ​6%, after fighting flared up in the Middle East as U.S.-Iran war peace talks dragged on while traffic in the Strait of Hormuz, where a fifth of the world’s oil passes, remained limited.