US-Israel-Iran War Latest Update: Oil Prices Slip on Peace Deal Rise as 1,500 Ships Remain Trapped in Strait of Hormuz Amid Middle East Crisis

Oil prices declined due to expectations of a potential resolution to the US-Israel-Iran conflict, while the Strait of Hormuz blockade continues to disrupt international shipping and energy transportation. Approximately 1,500 ships remain trapped in the Gulf region, posing a significant threat to global energy markets, and financial markets are closely monitoring the situation. Despite limited peace negotiations, the volatility persists due to concerns about supply disruptions.