Oil prices fall 1% as investors weigh pause in US strikes on Iran - Reuters

Oil prices fell by 1% as investors weighed a pause in US strikes on Iran. This sustained calm in US-Iran relations for four consecutive nights has reduced geopolitical risks, effectively stabilizing oil markets. Consequently, the likelihood of sudden price spikes has decreased. The market reaction reflects a shift in investor sentiment as tensions remain low, leading to a general decline in prices across the energy sector due to diminished geopolitical instability.