Global financial markets rebounded sharply on hopes of Middle East de-escalation, with crude oil prices cooling and Asian equities rallying. While a temporary ceasefire has injected optimism, market participants remain cautious about the sustainability of this “risk-on” sentiment. The next two weeks are critical for determining the trajectory of oil prices and broader market stability.
Oil Price Today (August 6): Crude oil dips below $80 on hopes Iran-Oman deal could end Iran war. What are experts saying?
Oil prices experienced a minor decline on Thursday amid advancing negotiations. Market watchers are closely monitoring the prospective US-Iran peace treaty, which could enable access
August 6, 2026