US President Donald Trump hinted at the resumption of peace talks with Iran, saying the war is 'very close to over.' Meanwhile, a US blockade on Iranian ports did not significantly impact traffic in the Strait of Hormuz, with at least eight ships crossing the waterway.
Three Iran-linked tankers crossed the Strait, but were not heading to Iranian ports and were not affected by the blockade. A US destroyer reportedly interdicted two oil tankers trying to leave Iran, instructing them to turn around.
Trump's comments came after a 40-minute phone call with Indian Prime Minister Narendra Modi, during which they discussed the situation in the Middle East and the importance of keeping the Strait of Hormuz open and secure.
Oil prices fell for a second consecutive day as expectations of the resumption of peace talks continued to weigh on markets.
