Oil Falls on Signs of Progress in U.S.-Iran Peace Talks Despite Challenges

Oil prices fell after mediators Qatar and Pakistan said the U.S. and Iran agreed on a roadmap aimed at reaching a final deal within 60 days.

Hormuz Reopening Shifts Focus to Gulf Oil Storage and Shipping

Recovery hinges both on whether tankers can freely transit the strait, and if the region's oil producers can load enough crude once these vessels are ready to sail, according to Rystad Energy.

Oil Prices Rise Even After Cease-Fire in Lebanon, Resumed Hormuz Shipping