[U.S.-Iran Disputes Continue to Apply Pressure, U.S. Crude Opens Slightly Higher] According to a report by Jinse Finance, on May 28, WTI crude oil opened slightly higher due to ongoing disagreements between the United States and Iran over how to reopen the Strait of Hormuz. Trump stated that he is 'not satisfied' with the negotiations. The White House denied reports from Iran regarding a draft agreement, which claimed that Iran and Oman would oversee shipping in the strait. Despite the challenges, optimism that the warring parties might at least reach a temporary agreement has kept crude oil prices on track for a second consecutive weekly decline. The prolonged negotiations hinge on issues such as Iran's desire to retain control over the Strait of Hormuz and the fate of the country's nuclear program. Rabobank global energy strategist Joe DeLaura commented, 'The oil market is currently too "comfortable with the status quo." The release of strategic petroleum reserves is helping to cushion some of the supply losses caused by the war.'