Oil prices dipped slightly as global markets evaluated the stability of the Middle East ceasefire. Brent crude fell below $95 per barrel, reflecting cautious optimism among investors.

Analysts believe the dip is driven by expectations of improved oil supply flows through key routes like the Strait of Hormuz. However, uncertainty remains high as geopolitical tensions have not been fully resolved.

Energy markets continue to react rapidly to developments in the region, with experts warning that any renewed escalation could quickly reverse the price trend.

Source : Reuters.