India, Feb. 25 -- Oil prices held steady on Tuesday after climbing higher on Monday, bolstered by the new U.S. sanctions on Iran's shadow oil fleet and Iraq's pledge to compensate for its overproduction.
Benchmark Brent crude futures were little changed at $74.35 in European trade while WTI crude futures were up 0.1 percent at $70.79.
Supply fears returned to the fore after the United States imposed a fresh round of sanctions targeting Iran's oil industry on Monday, hitting more than 30 brokers, tanker operators, and shipping companies for their role in selling and transporting Iranian petroleum.
In another development, Iraq has reiterated its full commitment to the OPEC+ agreement, despite the impending resumption of oil exports from Ku...