Oil prices have fallen significantly, with Brent crude dropping to $99.10 per barrel and US West Texas Intermediate at $92.24 per barrel, marking a decline of over 4%. This drop coincides with increased tanker traffic through the Strait of Hormuz and rising optimism about a potential peace deal between the US and Iran. US President Donald Trump indicated that negotiations for the agreement are largely complete, but stressed that the finalization will not be rushed. Analysts suggest that normal oil flows through the Strait may take months to resume fully due to ongoing repairs of damaged facilities. Meanwhile, Iranian President Masoud Pezeshkian assured that Iran is not pursuing nuclear weapons but emphasized the importance of national dignity. Notably, three liquefied natural gas tankers have recently passed through the Strait, which is crucial for global energy supplies, as it previously facilitated nearly one-fifth of global oil and LNG shipments.