Oil prices fell as reports suggest Iran is seeking peace terms following heavy military losses. President Trump authorized federal insurance for Gulf maritime trade to secure energy flows, shielding markets from potential supply shocks.

The Iran war has slowed oil exports through the Strait of Hormuz to a crawl, leading to the expected result: a surge in energy prices.

Silver faces increased downside risk as a wave four correction unfolds following a sharp 40% decline from recent highs. Technical resistance near the 92-100 zone and a broken price channel suggest further near-term pressure.