[MARKET UPDATE] Oil futures continue to fade the earlier gains with the pullback triggered following reports that US President Trump told aides he is willing to end the war without reopening Hormuz

The latest reports indicating that President Trump is open to ending the conflict without reopening the Strait of Hormuz are contributing to a pullback in oil futures after earlier gains. This suggests a potential easing of supply concerns, which could have broader implications for energy markets and risk sentiment. Keep an eye on how this develops as it may affect prices across commodities and geopolitical sentiment moving forward.