India, Aug. 6 -- Oil prices held steady on Thursday as investors awaited further clarity on the progress of U.S.-Iran talks to reopen the Strait of Hormuz, a critical waterway for energy supplies.
The Iranian-backed Houthi rebels in Yemen claimed they had fired ballistic missiles towards a Saudi oil tanker on the Red Sea off the Saudi Port of Yanbu, underscoring ongoing risks to regional shipping.
Brent crude futures were up 0.4 percent at $79.73 a barrel while WTI crude futures edged up by 0.2 percent to $75.39.
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