Trump's UN Address Sparks Hope for Diplomacy Amid Ongoing Iran Conflict

US President Donald Trump is set to address the United Nations General Assembly on Tuesday as his war with Iran approaches the seven-month mark. The ongoing conflict has disrupted energy flows across the Middle East, affecting global oil markets.

The Strait of Hormuz, a vital waterway that handles about 20% of the world's oil supply, remains a key concern for investors. Although shipments through the strait have improved, they remain below pre-war levels.

Oil prices have been volatile due to the conflict, with Brent crude hovering around $100 a barrel. The market is closely watching Trump's comments at the UN General Assembly for any indication of a shift towards diplomacy in the US-Iran conflict.