Media: Oil prices steady as Strait of Hormuz tensions keep markets on edge

Oil prices are fluctuating amid ongoing tensions in the Strait of Hormuz between Iran and the United States. Approximately 30 vessels have transited the strait, fueling market concerns. US President Trump and Chinese President Xi Jinping agreed during their talks to maintain the free flow of energy through the Strait of Hormuz, with China expressing interest in purchasing more US oil.