The mediator pushed for a new ceasefire between the US and Iran, with oil prices falling below $90

As the mediator pushed the United States and Iran towards a new ceasefire agreement, the price of Brent crude oil in the early-disk deal fell back below $90 per barrel. According to the analysts of the Netherlands International Group, this would not be an easy task and there is still a great deal of disagreement between the United States and Iran. At the same time, the announcement by Yemeni Al-Houthi forces of a blockade on Saudi shipping would seriously disrupt supplies and prevent oil supplies to Asia from moving south through the Mandet Strait. However, the market may not be convinced that the blockade will succeed in observing the oil price trends this morning。