Oil prices fall amid pause in US strikes on Iran to give 'space' for diplomacy

Oil prices fell on Monday as the United States paused its military strikes on Iran after thirteen days of sustained attacks. According to France 24, the halt raised hopes for a return to ceasefire and negotiations, particularly regarding reopening the Strait of Hormuz. Washington's UN envoy said the country was deliberately creating space for talks—and the fall in oil prices offered an immediate market gauge of confidence in that effort.

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