Crude cools off: Oil prices hold near $90 per barrel as US-Iran war tensions ease

Recent trends reveal that oil prices have settled around $90 per barrel, reflecting a decrease in tensions between the US and Iran. This cooling has alleviated concerns over possible supply shortages in the Middle East. Furthermore, President Trump has suggested that military intervention is not required at this point as diplomatic negotiations persist. However, challenges such as export limitations and disrupted fuel shipments still threaten to affect global inventory levels.