Oil Prices Decline as US and Iran Agree to Talks Amid Ongoing Tensions

Oil prices declined over 2% after the U.S. and Iran agreed to hold talks in Oman, easing fears of a military conflict that could disrupt Middle East oil supplies. Despite the planned discussions, significant differences remain on topics such as Iran's nuclear program, ballistic missiles, and regional activities. Market analysts note ongoing uncertainty and potential volatility, with concerns about possible U.S. strikes and the strategic Strait of Hormuz continuing to influence prices.