Oil prices continue to fall on hopes of new US-Iran peace talks

International oil prices continued their downward trend today, with crude benchmarks slipping below the $100 per barrel mark. This decline is largely driven by renewed optimism in global markets regarding potential peace talks between the United States and Iran. Investors are increasingly hopeful that a diplomatic agreement between the two nations could be reached, which would likely lead to an increase in global oil supply and subsequently ease price pressures. Market sentiment is currently responding positively to these prospects, impacting commodity trading across the energy sector.