Oil ticks up after selloff as talks to end US-Iran war remain uncertain

Aug 4 : Oil prices rebounded slightly on Tuesday, after plunging in the previous session, on concerns Middle Eastern supply remains at risk as a diplomatic resolution to the U.S.-Iran war that has disrupted shipments still seems unlikely.Front-month Brent futures rose $0.62, or 0.7 per cent, to $84.39 a barrel as of 0055 GMT after dropping 7 per cent in the previous session to a three-week low.U.S. West Texas Intermediate (WTI) crude was $0.61, or 0.7 per cent higher at $80.95 after falling over 5 per cent in the previous session to its lowest in nearly a week.Prices dropped after U.S. President Donald Trump said on Sunday he was holding off on new attacks on Iran pending ongoing talks to end their war and settle claims over control of the key Strait of Hormuz. The waterway connects Gulf o