Oil Prices Decline Amid Uncertainty Over U.S.-Iran Peace Talks and Strait of Hormuz Disruption
Oil prices fell as investors reacted to conflicting signals from the U.S. and Iran regarding peace talks, with the U.S. threatening military action and Iran showing no willingness to negotiate. The Strait of Hormuz disruption continues to impact global oil markets, with Rystad Energy noting that $100 oil could unlock significant new supply in South America.
Topics: Donald Trump Oil Prices Strait of Hormuz U.S.-Iran Relations Vice President JD Vance