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The American effort to reopen the Strait of Hormuz to commercial shipping is still on course, Defense Secretary Pete Hegseth said, even as Iran's state broadcaster dismissed it as a failure.
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Oil prices declined on Tuesday, retreating from sharp gains in the previous session.
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The defense secretary says the ceasefire holds despite Iranian attacks on U.S. forces. He said the U.S. would call on allies to take over the mission to reopen the waterway.
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Meanwhile shipping company Maersk said one of its US-flagged commercial vessels had successfully exited the Strait of Hormuz under US military protection.
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