Oil falls on Iran-deal hopes while Hormuz risk remains

Investing.com reported Brent and WTI lower as traders weighed possible U.S.-Iran deal progress and a reopening of the Strait of Hormuz. The same report said continued shipping disruption kept a floor under prices.

Why this matters. This early oil move establishes the market baseline before later deal-hope drops. The key tidbit is that prices can fall on diplomacy while still retaining a Hormuz disruption floor.