Oil Prices Steady After Largest Quarterly Drop Since Pandemic Amid Strait of Hormuz Shipping and Geopolitical Monitoring

Oil prices steadied after their largest quarterly drop since the pandemic.

Traders are monitoring US-Iran peace talks and shipping resumption through the Strait of Hormuz.

Obstacles preventing traffic from returning include security concerns, mines, and tolls.

Charging tolls is illegal under international law, though fees for services are permitted.

Israeli Defence Minister Israel Katz stated that Israeli troops will not withdraw from southern Lebanon.