Crude oil is caught between hopes of de-escalation and concerns of further escalation. What's next?

What we know so far
investingLive (Nov 12, 16:22): Crude oil has been consolidating around recent lows as the US-Iran uncertainty keeps traders guessing on the next move. The US-Iran conflict remains the main driver of course, with diplomatic efforts showing some signs of progress but no concrete breakthrough yet. Oil prices dipped yesterday after the Wall Street Journal reported that the US Vice President Vance was considering face-to-face…
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