Oil Prices Fall Amid Eased Tensions Between US and Iran

Oil prices continue to fall due to reduced concerns about disruptions to energy supplies after signs of a temporary easing in tensions between the United States and Iran.

The price decline reflects how sensitive the oil market remains to developments in the Middle East, one of the world's most important energy-producing regions.

The resumption of Russian oil exports through the Caspian Pipeline Consortium terminal also contributed to lower prices, as markets anticipated reduced global supply when major export infrastructure experiences interruptions.