Crude market volatility persists amid conflicting signals on Strait of Hormuz transit and supply outlook

Crude oil prices are declining on reports of normalized transit through the Strait of Hormuz, despite ongoing geopolitical tensions and Iran's refusal to engage in U.S.-led diplomatic talks. Analysts remain divided, noting that while transit flows may be recovering, structural imbalances driven by high U.S. export volumes and weak Chinese demand continue to exert downward pressure on prices.