With the United States and Iran pausing military strikes, oil prices have started to drop from the highs touched following the recent attacks by Iran and the Houthi militant group and subsequent retaliation by the United States.

 Oil prices have dropped following reports of Iran indicating that it would refrain from further attacks as long as the United States also halted military operations, fueling expectations that the conflict could move toward a diplomatic resolution. With tensions in the region picking up one day and subsiding the next, the atmosphere remains uncertain.

Originally published on zacks.com, part of the BLOX Digital Content Exchange.

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