Oil ticks up after selloff as talks to end US-Iran war remain uncertain - Reuters

Oil prices ticked upward following a previous selloff, although the status of talks to end the US-Iran war remains uncertain. This volatility occurs as reports emerge of a ship being struck in the Hormuz strait. The uncertainty surrounding diplomatic negotiations between the US and Iran continues to influence market behavior, keeping investors cautious while the situation in the Hormuz region develops and the outcome of the ongoing diplomatic efforts remains unclear.