New Delhi, April 21 -- International oil prices traded lower on Tuesday morning as traders awaited clarity on the extension of the US-Iran ceasefire and the next round of peace talks between the two countries.

Concerns about escalation intensified after the US Navy boarded and seized an Iranian cargo ship.

While the US has confirmed participation in the next round of talks in Pakistan, Iran has not yet committed and has accused Washington of violating the ceasefire through its ongoing naval blockade and the seizure of Iranian vessels.

The current ceasefire is set to expire on Tuesday (21 April), adding to market anxiety.

At 6:45 am, the June contract of Brent crude on the Intercontinental Exchange was trading at $94.98 per barrel, dow...