Oil falls over 6% after US-Iran attacks
Oil prices dropped by more than 6% after the suspension of US-Iranian attacks, as Brent crude fell to $90.58 a barrel and West Texas Intermediate to $83.51. This reflects a decrease in tensions and the market's readiness to capitalize on diplomatic positive news. The escalation has been temporarily halted to allow space for diplomacy, despite ongoing maritime risks and conflicts in the region. The main factor remains the potential recovery of oil supplies with easing tensions and markets' efforts to achieve greater price stability.
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