Global oil prices fall over 5% amid prospects of US-Iran negotiations

Global crude oil prices tumbled by more than 5% during Asian trading hours. The sharp decline followed two consecutive nights without U.S. military strikes against Iran, signaling a potential easing of geopolitical tensions in the Middle East.

Market participants responded positively to reports suggesting possible renewed diplomatic discussions between Washington and Tehran. The absence of immediate military escalation helped calm investor fears regarding potential energy supply disruptions through key shipping routes. Financial analysts noted that the prospect of formal negotiations provided a temporary reprieve for international markets following a period of heightened uncertainty and volatility linked to regional conflict.

Sources: RTP (Rádio e Televisão de Portugal)