Oil prices fall again as geopolitical tensions ease

Global oil prices declined again on Tuesday as investors weighed prospects for easing tensions in the Middle East and a potential stabilization in energy supplies.

Brent crude futures for August delivery fell about 1% to trade near $93 a barrel, while U.S. West Texas Intermediate also moved lower. 

Market sentiment was supported by expectations that diplomatic efforts could help reduce the risk of supply disruptions, although traders continue to monitor developments affecting key energy shipping routes in the region. 

Analysts say the oil market remains highly sensitive to geopolitical developments and that future price movements will depend on both regional events and the outlook for global demand.

Oil prices have remained volatile in recent weeks as markets balance supply risks against concerns over the global economic

N.Tebrizli