Global oil prices have fallen to their lowest level in three months following news of a potential agreement between the United States and Iran. The anticipated deal suggests a possible increase in oil supply, easing market concerns. This decline marks a significant shift after a period of relative stability in energy costs. Analysts suggest the price drop reflects investor anticipation of reduced geopolitical risk in the Middle East. The extent of the price decrease varies across different crude oil benchmarks. Further developments in the US-Iran negotiations will likely influence future price fluctuations. The market is closely monitoring the progress of talks and potential impacts on global energy supplies.