Oil Prices Ease on Renewed Hopes of US Iran Peace Deal The recent dip in oil prices has been met with a mix of relief and skepticism, as traders and analysts assess the renewed hopes for a US Iran peace deal.
On Sunday, President Donald Trump announced that "a largely negotiated" agreement had been reached, sending shockwaves through the global energy market.
Behind this optimism lies a complex web of diplomatic maneuvers, old wounds, and untested alliances.