Oil prices ended a three-session winning streak after President Trump indicated that current U.S. military operations against Iran would be limited in scope and duration. Brent crude fell 1.5% to settle at $94.22 a barrel, while West Texas Intermediate declined 1.4% to $89.78; both contracts had reached five-week highs during the rally. Energy Secretary Chris Wright said 17 million barrels of crude passed through the Strait of Hormuz on Monday, the highest volume since hostilities began disrupting shipping, but only four commercial vessels crossed on Tuesday versus a 10-day average of about 13. U.S. commercial crude inventories fell 4.5 million barrels in the previous week, their first decline in five weeks, while gasoline stocks dropped 1.2 million barrels and distillate inventories rose about 800,000 barrels. Crude prices remain more than 30% higher since hostilities intensified in late February. Markets are also watching OPEC+, which is expected to retain its October production strategy at Sunday’s meeting after raising September quotas by 188,000 barrels per day. A June diplomatic agreement between Washington and Tehran in Islamabad has broken down, although Dennis Kissler of BOK Financial Securities said renewed diplomacy could quickly pressure prices lower.