Crude oil prices experienced a significant drop, falling as much as 10%, following the announcement of a potential agreement between the US and Iran. This decline is linked to expectations of increased oil supply should a deal lead to the reopening of the Hormuz Strait. Simultaneously, stock markets rose, reflecting investor optimism regarding the easing of geopolitical tensions in the region. However, analysts caution that the price decrease could be temporary, warning that a failure to finalize a comprehensive, long-term agreement could quickly reverse the current downward trend. The initial reaction demonstrates market sensitivity to developments in the US-Iran negotiations. The extent of the price recovery will depend on the durability of any resulting accord and its impact on global oil flows. The Times of Israel first reported the developments.