Oil halts its decline and rises again amid the ongoing paralysis in the Strait of Hormuz. Despite the two-week truce announced by Donald Trump, Brent crude traded higher near USD 97, as maritime traffic in the area remains below 10% of its normal volume and peace talks in Pakistan face serious doubts. Tensions reignited after recent Israeli attacks in Lebanon and reports that Iran charges multimillion-dollar tolls to the few ships that manage to pass. Although the week would close with an accumulated decline of over 10%, the market remains cautious due to damage to Saudi infrastructure and Iran's threat to suspend dialogue if Washington does not guarantee a ceasefire that includes Hezbollah.