Oil Holds Steady as Market Prepares to Panic over ‘Liberation Day’

Oil prices were largely holding steady Wednesday afternoon, waiting for the other shoe to drop on the prospect of a failed nuclear deal with Iran that could lead to military conflict, and as the Trump administration gears up to make a big market-rattling tariff announcement in the afternoon. At 2:47 p.m. ET on Wednesday, Brent crude was trading up 0.66%, at $74.98, while the U.S. crude benchmark, West Texas Intermediate (WTI), was trading up 0.80% at $71.77. Most market attention at the moment remains focused on Trump’s plan to announce sweeping…