Oil prices eased on Tuesday after a volatile trading session, as Iran and Israel paused attacks on each other, reducing immediate concerns over disruptions to energy supplies. The pullback came after both countries said they had stopped attacking each other following an appeal from US President Donald Trump.

Oil prices jumped over 3% on Monday as escalating strikes between Iran and Israel heightened fears of prolonged regional instability, threatening a fragile ceasefire.

June 9 : Oil prices inched up in early trade on Tuesday after Iran and Israel left the door open to a possible resumption of attacks on each other, though they had called a halt…