Oil prices fall as markets weigh impact of U.S. strikes on Iran

Oil prices fell Thursday as markets weighed fresh U.S. strikes on Iran and the risk they could disrupt talks to end the war. A deterioration in the Iran-U.S. negotiating backdrop could delay progress toward full reopening of the Strait of Hormuz. Net effect: short-term supply/security concerns were balanced by shifting expectations on potential reopening timing, keeping crude under pressure.

Analysis

Oil prices fell Thursday as markets weighed fresh U.S. strikes on Iran and the risk they could disrupt talks to end the war. A deterioration in the Iran-U.S. negotiating backdrop could delay progress toward full reopening of the Strait of Hormuz. Net effect: short-term supply/security concerns were balanced by shifting expectations on potential reopening timing, keeping crude under pressure.