Oil prices slipped, but stayed above $100 a barrel. Brent fell 0.1 percent to $108.11, after losing $2.23 the previous day. West Texas Intermediate (WTI) dropped $0.44 to $101.50. The trigger: Trump announced a US escort for commercial ships blocked in the Strait of Hormuz.

The market logic is simple - if Hormuz reopens for shipping, oil supply will normalise. But that scenario comes with a condition: Iran is not staying quiet. The US-Iran ceasefire deal is still unsigned, and as long as the conflict remains live, the market stays under pressure.

Analyst Priyanka Sachdeva from Phillip Nova confirms it: "The market remains firmly underpinned by ongoing supply disruptions and geopolitical uncertainty." In plainer language: prices dropped a little, but the conditions for a sustained fall don't exist. OPEC+ has meanwhile agreed a symbolic production increase for June - but an extra 188,000 barrels a day is a footnote in a global market where conflict is the main driver.

Macedonia is fully dependent on imported petroleum products. Every shift in the Hormuz corridor feeds straight into domestic fuel prices. For now - a small drop. If Iran's response to the American move turns more aggressive, that can flip fast.