Brent crude oil falls below $100 as diplomatic efforts ease concerns over rising tensions in the Middle East.

Oil prices fell, with Brent crude prices falling below $100 per barrel, after the United States presented a 15-point plan to Iran aimed at ending the war. There are reports that mediators are pushing for a meeting between Washington and Tehran later this week. In early trading, the international oil benchmark fell 4.5% to $95.72 per barrel, while the US oil benchmark West Texas Intermediate fell 3.9% to $86.28 per barrel. Charu Chanana of Shengbao Bank said, "Wars rarely need to wait until the end for the market to bottom out." "Once the possibility of further escalation begins to decrease, investors often take action." However, attacks from both sides are still ongoing, and the Strait of Hormuz remains closed, with Iran stating that only "non-enemy" ships are allowed to pass through the waterway.