Oil prices edge lower with no progress on US-Iran talks, Hormuz shipping still disrupted

Oil prices were marginally lower after a prior session of big gains, as stalled Iran-U.S. peace talks and ongoing restrictions on shipments through the Strait of Hormuz kept geopolitical risk elevated. The article points to continued supply disruption concerns rather than a fresh shock, suggesting a modest but not decisive impact on crude markets.

Analysis

Oil prices were marginally lower after a prior session of big gains, as stalled Iran-U.S. peace talks and ongoing restrictions on shipments through the Strait of Hormuz kept geopolitical risk elevated. The article points to continued supply disruption concerns rather than a fresh shock, suggesting a modest but not decisive impact on crude markets.