WTI Crude Hits $96.62 as Hormuz Talks

WTI crude futures rose 0.3% to $96.62 per barrel, extending over 2% gain from previous session.
Tehran proposed a new Hormuz reopening plan, but US President Donald Trump expressed skepticism due to postponed nuclear talks.
Strait of Hormuz remains largely closed with scant oil flows, supporting higher prices as Brent nears $110 a barrel.
Upcoming central bank meetings in Japan and the US could amplify energy‑driven inflation concerns amid rising oil prices.