Oil prices tumbled sharply on Monday after the United States and Iran held back from launching fresh strikes over the weekend, raising hopes that diplomacy could ease tensions in the Middle East and gradually restore shipping through the Strait of Hormuz.

Oil prices dropped 5% as Iran signaled a halt to attacks if the US pause holds. Crude oil reaching a new all-time high by September 30 at 6.2% YES.

Oil prices fell more than 5% after the United States and Iran paused military attacks, easing immediate supply fears but leaving significant shipping risks in the Strait of Hormuz…

Oil prices experienced a significant five percent decline on Monday. This drop occurred after the United States and Iran paused strikes over the weekend. Hopes for a diplomatic…