- U.S.-Iran talks were called off after Israeli strikes on Lebanon, and JD Vance canceled his Switzerland trip.
- Brent fell to $79.49, while WTI slipped to $76.36 as peace hopes weakened.
- Iran allowed tankers carrying more than 12 million barrels through Hormuz without firing on ships.
- Asian markets were mixed, OPEC stayed bullish on oil demand, and several major exchanges were closed.
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