Global stock markets rose while crude oil prices fell following a pause in hostilities between the U.S. and Iran in the Middle East. This de-escalation has alleviated concerns about potential oil supply disruptions, resulting in a decline in crude benchmarks. The probability of crude oil reaching a new all-time high by September 30 is currently estimated at 5.9%. Key figures such as Mohammad Barkindo, Fatih Birol, and Abdulaziz bin Salman will be closely monitored to assess future oil market dynamics.
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