🔶 Relative stability in oil prices; markets are hopeful about Iran’s war ending Reports from global markets indicate that oil prices this week have remained almost unchanged and have not seen significant shifts. According to experts, traders are still hoping that the current negotiations will succeed in bringing about peace between the United States and Iran. At the same time, over the course of this week, Brent crude oil—the international benchmark for oil prices—fell by 0.3%. On Friday, by 11:32 a.m. Greenwich Mean Time, Brent oil futures contracts were down by 4 cents, equivalent to a 0.06% decline, reaching $71.76 per barrel. Also, this week, oil prices dropped to a level that has not been seen since the start of the U.S. and Israel’s war against Iran. Economic experts say this indicates that hopes for making progress in the negotiations—aimed at ultimately finalizing a permanent peace agreement between the Islamic Republic and the United States—have increased.