The Callisto tanker sits anchored in Port Sultan Qaboos as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 12, 2026.
Benoit Tessier | Reuters
Oil prices rose Monday as the deadlock in Iran-U.S. peace talks fans fears of an extended supply crunch, while experts point to record low inventories.
International benchmark contributed to the report.
