US-Iran Tensions Eased: Oil Prices Fall
Oil prices have eased after the US and Iran paused their attacks on each other.
The recent escalation of tensions in the Middle East had driven up oil prices, with Brent crude reaching a high of $71.72 per barrel earlier this week.
The price of oil has now retreated to around $69.50 per barrel as investors breathe a sigh of relief that the situation is being de-escalated.