Oil Prices Dip Below $100 as Saudi Supply Resumes and US-Iran Talks Progress
Oil prices have fallen below $100 per barrel following Saudi Arabia's resumption of crude supply operations through a key pipeline. Ongoing diplomatic efforts aimed at resolving tensions between the United States and Iran have further eased pressure on global oil markets. US crude inventories rose by 1.8 million barrels last week, defying analyst expectations of a drawdown. Meanwhile, Iraq has reportedly ramped up its oil exports, signaling a notable shift in regional supply dynamics. Together, these developments have combined to soften crude prices across international markets.
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