Crude oil prices were in mixed territory ahead of the start of U.S. trading on Tuesday as Middle East tensions balanced against global trade risks. Crude oil prices settled down on Monday after a weekend of escalating barbs between U.S. and Iranian leaders. After an initial spike of about 1 percent for the price for Brent crude oil, markets cooled off on expectations the U.S. government may actually offer some Iranian oil clients relief from sanctions that go into force in November. The looming loss of Iranian oil barrels may already be factored in. Members of the Organization of Petroleum Exporting Countries in June, meanwhile, implied that more oil may be on the market in […]