US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent announced that negotiations with Iran are yielding positive results. They emphasized that they are considering the possibilities for restoring oil supplies as a result of these negotiations. Consequently, oil prices are decreasing, which could be significant for the global market. During the negotiations, proposals aimed at increasing Iran's oil production volumes are being discussed. In turn, the hope for restoring trade will keep oil prices under pressure.
SourceBBC World