00:00Oil prices pulled back as investors grew more optimistic that diplomatic efforts could prevent
00:05another escalation in the Middle East, easing concerns about disruptions to global crude
00:10supplies. Traders also saw reduced risk that shipping through the Strait of Hormuz would
00:16face new threats, helping erase some of the geopolitical premium that had been driving
00:21prices higher. Analysts caution that tensions remain unresolved, meaning markets could quickly
00:27reverse if the situation changes. For now, energy markets are signaling cautious optimism
00:32rather than crisis.
Comments