New Delhi, July 11 -- Petrol and diesel prices today, 11 July: Fuel prices in India stood steady on Saturday despite softening of oil prices from earlier weekly peaks. This retreat on Friday was driven by resumption of diplomatic talks between the United States and Iran. The flare-up in fighting seems subdued as the two sides are continuing technical discussions to find a solution.

With negotiations in progress, the June agreement to halt military action was "over," US President Donald Trump said. The recent escalation in hostilities deterred tanker traffic through the Strait of Hormuz and as a result upended global energy trade. As the Persian Gulf waterway remains the point of contention, Washington wants public statement from Tehran d...