Oil prices inch down as U.S.-Iran talks temper Hormuz supply concerns

Ongoing U.S.-Iran tensions following military exchanges in the Strait of Hormuz continue to pose shipping risks, with uncertainty over Iranian oversight of maritime traffic potentially slowing crude export recovery from the Persian Gulf. While the White House asserts the strait is open to tanker traffic, Iran's pursuit of joint maritime control raises concerns over persistent disruptions to one of the world's most critical oil shipping chokepoints.