Oil drifts lower as traders weigh supply risks amid U.S.–Iran tensions

Core Viewpoint - Oil prices have slightly decreased as traders assess the potential for supply disruptions due to U.S. guidance for vessels in the Strait of Hormuz, highlighting ongoing tensions in the region [1] Group 1: Oil Prices - Oil prices eased slightly on Tuesday, indicating a response to market dynamics and geopolitical factors [1] - The decrease in oil prices reflects traders' concerns about potential supply disruptions in the context of regional tensions [1] Group 2: Geopolitical Context - U.S. guidance for vessels transiting the Strait of Hormuz has drawn attention to the heightened tensions in the area [1] - The situation in the Strait of Hormuz is critical as it is a significant chokepoint for global oil supply, influencing market sentiment [1]