Oil Drops as US-Iran Tensions Ease

Oil prices fell as signs of easing tensions emerged.

The US extended a deadline on Iranian energy facilities.

Trump said talks with Iran are progressing.

This reduced fears of military escalation.

Brent dropped to around $107 per barrel.

WTI fell below $94.

Prices had risen in the previous session.

Markets reacted to diplomatic signals.

Oil is expected to record weekly losses.

The market remains sensitive to geopolitical shifts.