Oil prices eased on Monday after US President Donald Trump said the United States would help ships leave the Strait of Hormuz, though Brent and WTI remained above $100 a barrel.
Brent crude futures fell 64 cents, or 0.59%, to $107.53 a barrel by 2308 GMT after settling $2.23 lower on Friday.
US West Texas Intermediate crude declined 84 cents, or 0.82%, to $101.10 a barrel after losing $3.13 in the previous session.
Trump wrote on Truth Social on Sunday that the United States would guide ships safely out of restricted waterways so they could resume business.
Prices remained supported by limited traffic through the Strait of Hormuz and the absence of a peace deal between Washington and Tehran.
ANZ analysts said in a note that peace talks had stalled because both sides refused to move on their red lines.
Trump has prioritised reaching a nuclear deal with Tehran, while Iran has proposed postponing nuclear talks until the war ends and rival Gulf shipping blockades end.
Read: OPEC+ oil Quotas Set for 188,000 bpd Increase
The Organisation of the Petroleum Exporting Countries and allies, known as OPEC+, said on Sunday that seven members would raise June output targets by 188,000 barrels per day.
The increase matched the May rise after excluding the United Arab Emirates, which left OPEC on May 1.
The higher target is expected to remain largely on paper while the Iran war disrupts Gulf oil supplies through the Strait of Hormuz.
