Al Jazeera reported that global oil prices have fallen back to pre-conflict levels as optimism grows over negotiations between Washington and Tehran aimed at reaching a permanent peace agreement, easing concerns over potential disruptions to oil supplies during the conflict involving Iran, the United States, and the Zionist regime.
According to the report, the price of Brent crude fell by more than 1% on Thursday, dropping below $71 per barrel.
The drop has brought global oil prices back to their pre-conflict levels.