Energy markets react to improving regional stability

Global oil prices fell sharply after reports confirmed progress toward reopening the Strait of Hormuz. Brent crude dropped below recent highs as traders anticipated a normalization of Middle East energy exports.

Experts say lower oil prices could help reduce inflationary pressures worldwide while improving business confidence across major importing economies. Gulf producers including Saudi Arabia and the UAE are expected to benefit from more stable export routes and improved logistics operations.

Source : Reuters.