Trump's talks with Iran lead to oil price drop, easing geopolitical tensions and pausing US military actions.

Global oil prices have retreated sharply amid hopes that a lasting Middle East ceasefire can unlock the Strait of Hormuz.

Oil prices surged over 2% as Israel intensified operations in Lebanon, raising fears of supply disruptions and renewed risks in the Strait of Hormuz.

Trump's talks with Iran lead to oil price drop, easing geopolitical tensions and pausing US military actions.

Oil prices extended gains after Trump sent Iran’s draft peace deal back for revisions, casting doubt on when the Strait of Hormuz will fully reopen.