Oil prices edge higher amid uncertainty over more US-Iran talks

Uncertainty surrounding US-Iran negotiations in Doha is keeping shipping security through the Strait of Hormuz in focus, as Iran has reiterated its intention to oversee maritime traffic through the strategic waterway. Vessel transits are beginning to recover (~24 commodity vessels on Monday), but the fragile ceasefire and unresolved governance of the Strait continue to pose risks for shipping and energy markets.