LONDON, May 1 : Oil prices steadied but remained on track for weekly gains on Friday as efforts to halt the Iran war remained at an impasse, with Tehran still blocking the Strait of Hormuz and the U.S. Navy blocking exports of Iranian crude. Brent crude futures for July were up 53 cents, or 0.5 per cent, at

MELBOURNE, May 1 : Oil rose on Friday as efforts to resolve the Iran conflict have hit an impasse, with Tehran still blocking the Strait of Hormuz and the U.S. Navy blocking exports of Iranian crude. Brent crude futures for July rose $1.19, or 1.08 per cent, to $111.59 a barrel by 0149 GMT, while West Texas I