US-Iran Talks Stay Deadlocked as Strait of Hormuz Tensions Ease Slightly

Negotiations between the US and Iran remain deadlocked, and tensions in the Strait of Hormuz have eased slightly. Iran continues to restrict vessel traffic through the Strait of Hormuz, a vital shipping lane for global oil supply. Markets are closely monitoring progress in US-Iran talks and the Strait of Hormuz returning to normal, considering the potential impact on global oil prices and supply chains.