Oil prices trade mixed after a prior selloff, with investors focusing on potential changes to supply flows through the Strait of Hormuz. One outlet reports that oil prices move slightly lower as market attention turns to developments related to Hormuz flows following peace talks. Another reports that oil prices rise from earlier losses, but remain cautious as traders await further progress regarding traffic and shipping conditions at the Strait of Hormuz. Across reports, the key driver is expectations around how quickly any diplomatic developments could affect crude movement and shipping risk in the region. The market reaction is described as modest and directional—either small gains after the selloff or slight declines—reflecting uncertainty about the timeline and impact of any agreement. Neither report provides detailed figures or new production or demand data, and both frame price movement primarily in terms of positioning ahead of, and sensitivity to, evolving expectations for Hormuz-related supply constraints.