Oil prices were mixed in early trading as markets assessed developments around
the Strait of Hormuz. The Wall Street Journal reported that Iran has offered to
halt attacks in the strait in exchange for an end to the war and a lifting of
the US blockade on Iranian ports, citing officials familiar with the matter.
President Donald Trump and his national-security team remain skeptical of the
proposal. ANZ Research analysts said ongoing exchanges suggest both sides remain
far apart, making an imminent resolution unlikely.
