Oil prices have decreased, with some reports indicating a drop of around 1% or $1, as investors focus on crude flows through the Strait of Hormuz following peace talks. However, there are conflicting reports, with some outlets suggesting oil prices have actually gained due to supply recovery and demand. The situation in the region remains uncertain, with Iran asserting its right to control shipping in the Strait of Hormuz and other developments, such as a new pipeline bypassing the strait, underway.