Global oil costs have fallen sharply amid hopes of a ceasefire between Israel and Iran, reducing the threat of energy disruption. Prices dropped after Iran's missile attacks on a US base were seen as a face-saving measure. Concerns remain over potential LNG delivery disruption and high demand in Europe.

Original article source: https://news.sky.com/story/israel-iran-ceasefire-hopes-drive-down-oil-and-gas-costs-13387927
Source Id: 8739128143