Oil steady as Mideast supply fears subside, Israel's war cabinet meets

Oil prices fell slightly on Tuesday after economic headwinds offset support provided by the United States’ announcement of plans to hit Iran with new sanctions after the Middle Eastern country’s weekend attack on Israel. Brent crude futures for June delivery edged down 15 cents, or 0.17 per cent, to $89.95 a barrel by 12:26 p.m. EDT (1626 GMT). U.S. crude for May fell 8 cents, or 0.09 per cent, to $85.33. Federal Reserve Vice Chair Philip Jefferson said the U.S. …