Oil edges higher as traders weigh Iran’s Hormuz offer and Trump’s next move

oil edged higher tuesday as traders weighed iran's offer to reopen the strait of hormuz and uncertainty around trump's response. wti futures rose 0.66% to $97.03 a barrel. brent crude added 0.44% to $108.67. white house press secretary karoline leavitt confirmed trump met with his national security team monday to discuss tehran's proposal: reopen the strait if washington lifts its blockade and ends hostilities. trump has said sanctions relief comes only when a deal is "100% complete." the strait carries about a fifth of the world's oil and lng. roughly 20 million barrels per day of crude, fuels and petrochemicals are disrupted, according to lipow oil associates president andy lipow. even if hostilities ended immediately, clearing mines, easing tanker congestion and restarting production would take months. lipow estimated four to six months for markets to stabilize. absent new negotiations, he sees wti drifting back to $100 and brent over $110.