Crude oil futures continue to fall, analysts say the key lies in the resumption of navigation time in the Strait of Hormuz.

After Trump made remarks hinting that the war with Iran may end faster than expected, crude oil futures continued the decline that started later yesterday. Saudi Arabia is increasing the use of its east-west pipeline capacity, which is helpful to the market, but Dennis Kissler of BOK Financial said in a report, "The real test for oil prices will be when and if oil tankers and ships can safely pass through the Strait of Hormuz." He added, "Shutdowns of oil field production in the Middle East for a few weeks typically do not put too much pressure on well structures, but if it continues for a month or longer, the challenge of restoring these production levels may arise."