Global Oil Prices Decline Amid Middle East Diplomatic Efforts to Ease Tensions

Global oil prices have fallen as diplomatic initiatives in the Middle East aim to de-escalate regional tensions. Following a meeting in Tehran attended by Iranian, Saudi, Turkish, and Pakistani representatives, Brent crude futures dropped to $115.15 per barrel and WTI crude to $101.32. The price decrease reflects reduced market concerns over potential oil supply disruptions.

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