Oil prices have experienced significant volatility due to ongoing negotiations between the U.S. and Iran regarding a potential peace deal. Recent reports indicated a drop in Brent crude prices below $100 a barrel as optimism grows around easing tensions in the Strait of Hormuz. President Trump has announced a pause in military operations related to Iran, which has sparked hopes for stability and contributed to a decline in oil prices. Meanwhile, U.S. gasoline prices continue to rise, highlighting a complex energy market influenced by geopolitical factors. Global stock markets have reacted positively, showing gains as investors respond to the potential for peace in the Middle East.