New Delhi, June 17 -- The latest decline reflects a broader shift in sentiment across global energy markets where geopolitical risk premiums that previously supported higher prices are now being rapidly unwound. Market participants are reassessing exposure as expectations grow that maritime flows through critical Gulf routes could stabilize.

Reporting from Al Jazeera highlighted that oil prices continued sliding as optimism increased around potential diplomatic easing and improved shipping conditions in the Gulf region, reinforcing the bearish tone across trading desks.

Strait of Hormuz remains central to market volatility

The Strait of Hormuz remains the most strategically sensitive chokepoint for global crude shipments. Any perceived...