Oil prices hover as Iran supply fears persist and Trump pushes Hormuz action

Oil prices wavered in choppy trading as supply fears tied to Iran resurfaced amid the U.S.-Israel conflict. Brent traded around $103.41 a barrel and WTI about $96.40, after earlier gains, as President Trump urged international support to keep the Strait of Hormuz open. He said talks with seven countries, including China, were under way. The UAE reported a second drone strike on Fujairah, Tehran signaled the waterway would stay closed until attacks cease, and the IEA began releasing emergency oil reserves to offset potential shocks.