July 7 : Oil rose on Tuesday as traders' nervousness about a lack of progress on peace talks between the United States and Iran offset any price impact of a slight recovery in shipping through the Strait of Hormuz.Brent crude futures gained $1.02, or 1.42 per cent, to $73.01 a barrel, while U.S. West Texas Intermediate crude rose 93 cents, or 1.36 per cent, to $69.48 a barrel as of 0748 GMT."The deal is by no means signed yet, so something can still go wrong and any comments from either side could raise concern which is helping to underpin prices and it's basically removing some of the recent intense focus on an increasingly oversupplied market," Saxo Bank analyst Ole Hansen said.Talks to reach a final deal between Tehran and Washington will not take place if U.S. threats continue, Iran's