Oil prices fell from recent peaks as traders weighed diplomatic efforts to ease U.S.-Iran hostilities against renewed Houthi attacks on Saudi Arabia and persistent Middle East supply risks.
The market pulled back as investors balanced hopes for de-escalation between the United States and Iran with ongoing geopolitical friction in the region.
Renewed Houthi strikes on Saudi Arabia kept supply concerns alive, underscoring the fragility of Middle East energy shipments.
Persistent supply risks in the region continued to weigh on trader sentiment, capping any sustained rally in crude markets.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing