Oil prices declined following Trump's comments.
Traders are reacting to geopolitical tensions in the region.
The Strait of Hormuz remains a critical shipping route.
Strategic angle: Oil prices fell on Tuesday as President Donald Trump reportedly expressed willingness to end military hostilities against Iran.
Oil prices declined following Trump's comments.
Traders are reacting to geopolitical tensions in the region.
The Strait of Hormuz remains a critical shipping route.