Crude oil prices dipped to $102 as the US awaits Iran's response to a peace proposal, potentially ending the conflict and impacting global fuel prices.

July Brent oil futures are at $110.76, down by 0.20%, and July crude oil futures on WTI are at $103.82, down by 0.18%

By Isabel Wang and Myra P. Saefong

Brent crude oil prices fall to $105 per barrel as US-Iran peace talks show progress, but analysts remain cautious about future supply disruptions.

Crude oil prices dipped to $102 as the US awaits Iran's response to a peace proposal, potentially ending the conflict and impacting global fuel prices.

Peace talks between the US and Iran could lead to a significant drop in oil prices, impacting global fuel costs. Learn how the Strait of Hormuz reopening a