Oil prices held steady today, pausing after their largest four-day rally in over six months. Trading activity cooled as the market awaited outcomes from a scheduled White House meeting. US officials are set to discuss Iran policy, a key variable for global supply. This break in momentum follows a sharp uptick driven by geopolitical tensions and tightening inventories.

The recent price surge reflects persistent market anxiety over potential disruptions to crude flows from the Middle East. Any shift in US sanctions against Tehran could significantly alter the availability of Iranian barrels on the global market. Traders are also monitoring output decisions from OPEC+ and demand signals from major economies. This uncertainty keeps the market on edge.

All eyes now turn to the White House discussions for any clarity on Washington's diplomatic or economic strategy regarding Iran. A tougher stance could reignite the rally, while any hint of a deal might ease supply fears. Investors are weighing these geopolitical risks against mixed data on global economic health and fuel consumption.