Oil edges lower amid resumption of strait shipments even as vessel hit near Oman

Oil prices edged lower on Tuesday as shipments through a key strait resumed despite a vessel being hit near Oman. This was reported by Qazaqyia.kz citing Reuters.

Markets focused on the resumption of shipments through the strait, easing concerns about supply disruptions. However, the attack on a vessel near Oman highlighted geopolitical risks in the region.