Oil prices experienced a significant drop at the start of the week, spurred by increasing optimism regarding a potential resolution to the conflict in the Middle East. Specifically, a pause in U.S. strikes against Iran has fueled hopes for a diplomatic solution, according to Reuters. Brent crude, a key benchmark, fell approximately 5.8 percent, trading near $91.20 per barrel. Simultaneously, West Texas Intermediate (WTI), the U.S. benchmark, decreased by about 5.6 percent, reaching around $84.30 a barrel. These price declines reflect market sensitivity to geopolitical developments in the region. This shift suggests investors are reassessing risk premiums associated with potential supply disruptions. The market is reacting positively to the possibility of de-escalation.