West Texas Intermediate (WTI) crude oil prices remained stable near the $74.00 level on Tuesday, following a new security pact between Iran and Oman that alleviated concerns regarding potential disruptions to shipping through the Strait of Hormuz, a vital passage for global oil supplies. Market Response to the Iran-Oman Agreement The agreement, which emphasizes collaborative efforts on security, aims to ensure the uninterrupted flow of oil in this critical region.