Oil prices steady as Hormuz shipping constraints counter US-Iran peace hopes

By X-blogger - on April 16, 2026

Oil prices held steady as ongoing worries about supply disruptions offset comments by Trump that the war on Iran could be over soon. Iran could consider allowing ships to ‌sail freely through the Omani side of the Strait of Hormuz without risk of attack as part of proposals it has offered in negotiations with the US.

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