Oil prices remained under pressure as the pause in military operations in the Middle East reduced the risk of immediate geopolitical escalation. Also hopes surrounding talks between Iran and Oman over shipping through the Strait of Hormuz improved market sentiment, said an industry expert.
One week after the United States and Israel launched military strikes on Iran, plunging the Middle East into turmoil, President Donald Trump faces mounting questions over whether early battlefield gains can translate into a durable geopolitical victory, say experts.
