He added that several countries had sought assistance to free ships stranded in the Strait of Hormuz.
Global crude oil prices declined on Monday but remained elevated amid ongoing tensions in West Asia and uncertainty over US-Iran negotiations. The easing came after US President Donald Trump indicated that Washington could take steps to address shipping disruptions in the Strait of Hormuz, a key global energy route.
Brent crude, the international benchmark, slipped to about USD 107.51 per barrel, while US West Texas Intermediate fell to around USD 99.11 per barrel. The decline followed signs of possible de-escalation, although prices stayed firm due to continued constraints in oil movement through the region.
In a post on Truth Social, Trump said the US would help ensure safe passage for vessels, allowing them to continue operations without disruption. He added that several countries had sought assistance to free ships stranded in the Strait of Hormuz.
Despite this, there has been no breakthrough in talks between Washington and Tehran. The US is pushing for progress on a nuclear agreement, while Iran has suggested delaying such discussions until after the conflict ends, along with easing restrictions on Gulf shipping.
Meanwhile, the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) said seven member countries will raise output by 188,000 barrels per day in June, marking the third straight monthly increase.
