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Oil prices edged higher after an American official said the U.S. and Iran had agreed to halt attacks in a key shipping lane, raising hopes that hostilities would not escalate.
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;Resize=(620)) Iran launched drone and missile attacks Sunday targeting Bahrain and Kuwait in response to U.S. airstrikes that hit the Islamic republic, and threatened a "complete halt" in negotiations to end the war if Washington continues its attacks.
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Iran and the U.S. agreed to halt recent hostilities in the Gulf and renew talks regarding their dispute over the Strait of Hormuz, a U.S. official said.
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The ceasefire between the U.S. and Iran is being tested after new attacks in the Strait of Hormuz. Mideast expert Paul Salem explains what's happened and whether the deal can still hold.
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