Oil falls slightly on reports of potential US-Iran ceasefire deal

Oil futures dipped about 0.4–0.7% as hopes rose for a U.S.-Iran ceasefire extension that could ease supply worries.
U.S. Vice President JD Vance said talks are “close” but not finished, a comment that helped keep a price floor.
Markets stayed volatile after an 8% weekly slide — attention on whether the Strait of Hormuz will reopen and restore global flows.