Oil prices dipped as President Trump suggested a swift end to the Iran conflict, yet market jitters persist. Peace talks face uncertainty, with supply disruptions in the Middle East continuing. Analysts warn of sustained high prices due to potential renewed attacks and slow supply recovery, even if a deal is struck.

Oil prices briefly plunged after Iranian reports said that American officials had agreed to suspend sanctions against its crude amid peace talks. | World News

Oil prices fell on Tuesday after US President Donald Trump said that a planned attack on Iran had been paused to allow talks aimed at ending the Middle East conflict.

Oil prices dipped as President Trump suggested a swift end to the Iran conflict, yet market jitters persist. Peace talks face uncertainty, with supply disruptions in the Middle…

Brent crude oil futures fell 88 cents, or 0.8 percent, to $110.40 a barrel

Supply worries remain high as Iran threatens to escalate the conflict 'beyond the region'