Recent developments surrounding potential peace talks between the US and Iran have led to significant fluctuations in oil prices and global markets. As negotiations are reported to be proceeding constructively, oil prices have fallen sharply, dipping below $100 a barrel. Investors are reacting cautiously, with Asian stocks experiencing gains amidst optimism for a resolution to the ongoing conflict. Despite the decline in oil prices by up to 7%, concerns about the reopening of the Strait of Hormuz and persistent inflation pressures continue to weigh on the market. Analysts have mixed feelings, reflecting on the potential impact of a deal on global supply dynamics.