Recent reports suggest that global oil prices have experienced a notable decline, attributed to claims of a peace agreement between the U.S. and Iran.
This potential deal is said to have been facilitated by Pakistan, which may have contributed to a shift in market sentiment.
Analysts observe that such developments could be easing geopolitical tensions, reflected in improved risk appetite among investors.
Updates
Update at 05:55 UTC on 2026-06-15
The Block reported The rally reflected improving risk sentiment following reports that the U.S. and Iran have reached a peace agreement, analysts said.
Sources: The Block