Global Oil prices fall to two-month lows

Global financial markets rallied sharply after renewed optimism surrounding a potential Gulf diplomatic breakthrough.

Oil prices dropped to their lowest levels in two months, easing inflation concerns and improving investor sentiment worldwide. Analysts say a reduction in regional tensions could help stabilize trade routes, lower shipping costs, and improve economic confidence across the Middle East.

For Gulf economies, lower volatility in energy markets could support long-term investment planning and economic growth initiatives.

Source : Reuters.