## 📉 Global Oil Prices Fall Amid US-Iran De-escalation

• Market Figures: Brent crude futures dropped $1.47 (-1.66%) to US$ 86.89 per barrel; U.S. West Texas Intermediate (WTI) fell $1.45 (-1.76%) to US$ 81.16 per barrel, marking both benchmarks' lowest levels since July 20. • Geopolitical Shifts: Prices declined following signals of a potential diplomatic resolution between the U.S. and Iran, reducing immediate fears of critical energy flow disruptions. • Supply & Demand Pressures: Net crude exports through the Strait of Hormuz declined to 2.9 million barrels per day in the week ending July 24, down from 5.9 million the previous week, while Caspian Pipeline Consortium resumed Black Sea oil loadings.