Global Oil Prices Ease Despite Ongoing U.S.-Iran Tensions

London:Global crude oil prices edged lower in the latest trading session despite continued tensions in the Middle East and the ongoing confrontation between the United States and Iran.

According to market analysts, the uninterrupted movement of oil tankers through the **Bab el-Mandeb Strait** has eased concerns over potential supply disruptions, putting downward pressure on crude prices.

Market data showed that **Brent crude** fell **1.42%** to **$89.45 per barrel**, while **U.S. West Texas Intermediate (WTI)** crude declined **0.66%** to **$83.90 per barrel**.

Analysts said that although military tensions remain high and there are concerns the U.S.-Iran conflict could escalate further, continued maritime traffic and the use of alternative shipping routes have reassured markets that global oil supplies are unlikely to face immediate and severe disruptions.

In the previous trading session, fears surrounding the escalating Iran-related crisis had pushed **Brent crude** prices up by nearly **8%**, while **WTI** gained more than **6.5%**, marking one of the largest single-session increases in recent months. However, investor concerns eased somewhat in the latest session, leading to a modest pullback in oil prices.