Oil markets eased after Iran signaled it would suspend attacks while the US pause in strikes remains in place, with Brent dipping to about $92 a barrel and WTI near $85. The pause follows Washington’s decision to halt bombing campaigns, a move tied to concerns over targets and stockpiles, and markets are watching whether the respite will hold. Despite the pause, attacks by Iran-aligned Houthis kept supply fears alive, including strikes on Saudi Aramco facilities and tense Red Sea and Strait of Hormuz dynamics that continue to influence shipments. Prices have been volatile through the month, spiking earlier when tensions escalated and then retreating as diplomacy surfaces, though the Red Sea routes remain a critical risk factor. Analysts say the market is buoyed by hopeful diplomacy but remains wary of potential escalations that could disrupt crude flows and push prices higher again. China’s push to restart peace talks between the US and Iran adds another layer of potential relief for markets, though observers caution that any breakthrough remains uncertain.