Global Oil and equity markets edged lower as tensions in the Middle East showed signs of easing, easing some of the risk premium that had pushed prices higher in recent days.
Brent crude and WTI oil prices fell modestly after earlier spikes linked to geopolitical uncertainty, while major stock indices also slipped amid cautious investor sentiment. Traders cited a reduction in regional hostilities and positive diplomatic signals as factors relieving immediate market pressure.
Analysts noted that while the easing of tensions provides short-term relief, markets remain sensitive to any sudden developments in the Middle East, keeping energy and equities volatile.
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