oil prices
Brent Crude Retreats Toward $95 as Middle East Ceasefire Hopes Dampen "Fossilflation" Fears
Global energy markets are experiencing a significant "price cliff" this week as Brent crude oil prices retreated from their March peaks near $120 per barrel toward the $95 level. This shift comes amid a flurry of diplomatic activity in the Middle East, sparking hopes for a de-escalation of