Global oil prices have fallen back to levels seen before the recent conflict, as increased crude oil supplies from the Middle East helped ease concerns about potential shortages in the global market.
Analysts say the rise in production and exports from key oil-producing countries in the region has improved market confidence and reduced fears that geopolitical tensions would significantly disrupt energy supplies.
The decline in prices comes after a period of volatility during which traders worried that the conflict could threaten major shipping routes and oil infrastructure, pushing prices higher.
Energy market experts note that stronger supply levels, combined with stable demand forecasts, have helped balance the market and put downward pressure on prices.
Lower oil prices could provide relief for consumers and businesses by reducing fuel and transportation costs, while also helping ease inflationary pressures in many countries.
However, analysts caution that oil markets remain sensitive to developments in the Middle East, and any major escalation in regional tensions could quickly affect prices again.