Oil slips as Iran allows 10 tankers through Hormuz, but market fragility persists

Oil prices declined after President Trump said Iran allowed 10 oil tankers to pass through the Strait of Hormuz as a goodwill gesture, with Brent at about $105.94 and WTI around $92.82. While isolated shipments resume, analysts warn the broader oil market remains fragile, noting Hormuz remains a critical chokepoint. Rystad Energy says the global system has shifted from buffered to fragile after weeks of disruption, with roughly 17.8 million barrels per day of flows disrupted and nearly 500 million barrels of total liquids lost to date.