Oil prices and European natural gas fell as Iran and Oman discussed a temporary navigational corridor through the Strait of Hormuz and joint mine clearance, while reports of possible U.S.-Iran ceasefire terms reduced immediate escalation concerns. Korean airline and construction shares rose, while shipping stocks declined as investors anticipated steadier oil prices, lower freight rates and potential reconstruction work. European gas prices fell more than 4% below €64 per megawatt-hour, WTI crude dropped 1.97% to $80.74 a barrel and Brent declined 2.14% to $86.68. Qatar’s LNG shipments continued to face severe delays because of the maritime blockade, hot European weather increased cooling demand and tanker attacks kept commercial shipping risks elevated. President Donald Trump said mines in the strait’s international waters had been removed or detonated, but an oil tanker was hit by an unidentified projectile near Oman. The United States also began a phased return of diplomats to posts in Lebanon, Israel, Saudi Arabia and Baghdad while maintaining sanctions pressure on Tehran.