Oil held steady on Tuesday, as the prospect of price support from U.S. sanctions on Iran was offset by concern about the outlook for demand, particularly in light of the trade dispute between Washington and Beijing. Brent crude futures LCOc1 were down 2 cents at $72.19 a barrel at 0928 GMT, while the most-active October U.S. crude futures contract CLv1 was down 7 cents at $65.35 a barrel. “Prices are being supported by the prospect of lower oil supply from Iran,” Commerzbank said in a note. The full impact of the Iran sanctions is not yet clear. While most of Europe’s energy firms are likely to fall in line with Washington, China has indicated that it will continue to buy Iranian oil. The Iranian supply cut […]