Oil rose for a fourth day, with no sign of progress toward a resolution of the US-Iran war after almost six months of conflict. The prolonged stalemate continues to support crude prices as supply disruption risks persist in the Middle East.

Traders remain focused on geopolitical developments, with neither side showing willingness to de-escalate. The conflict has created sustained uncertainty around Persian Gulf shipping lanes and regional production capacity.

Market analysts note that the absence of diplomatic breakthroughs keeps a geopolitical risk premium embedded in prices. Inventory data and demand forecasts have taken a backseat to headline risk in recent sessions.

With negotiations stalled, the market is pricing in a longer-term disruption scenario. Attention now turns to any signals from Washington or Tehran that could shift the current trajectory.