Oil Prices Rise as US and Iran Agree to Halt Attacks

Oil Trades Near Four-Month Low as US and Iran Halt Fresh Attacks

Oil prices increased as the US and Iran agreed to stop conducting attacks against each other following a recent escalation in tensions. The truce between the two countries is expected to reduce geopolitical risks that have been driving volatility in energy markets. This de-escalation comes after a period of heightened military activity between the nations.