Crude Oil Prices Drop Sharply in Global Market Amid Peace Talks?

Crude oil prices witnessed a sharp decline in the international market, falling nearly 6% in a single day. Brent crude dropped below the $100 mark and is currently trading around $98 per barrel.

Market analysts attribute the fall to growing optimism over peace talks between the United States and Iran. Expectations of reduced geopolitical tensions have eased investor concerns, leading to the price correction.