June 24, 2025 – CWEB Business News
Global oil prices extended their decline as the Israel-Iran ceasefire held firm on the 12th consecutive day, calming investor fears of a prolonged energy disruption in the Middle East. Brent crude, the international benchmark, fell another 2.1%, settling around $67.25 per barrel, marking a continued downward trend fueled by geopolitical de-escalation and stable supply outlooks.
Ceasefire Holds, Markets React
The ceasefire—brokered by U.S. President Donald J. Trump in coordination with Qatar and regional allies—has significantly reduced the geopolitical risk premium that had driven prices higher earlier in the month. With no major ceasefire violations reported, traders are gradually shifting their attention back to broader market fundamentals.
“This marks a full 24 days of calm in one of the world’s most volatile regions,” said a CWEB Business News energy strategist. “With supply routes secure and no major escalation, oil markets are reacting accordingly—pulling back from recent highs.”
Prices Trend Lower Despite Uncertainty
After briefly spiking during the height of the conflict, both Brent and West Texas Intermediate (WTI) have seen steady declines as the ceasefire holds. Analysts note that risk appetite in commodities has weakened in light of stable Middle East conditions, ample global inventories, and sluggish demand growth from key economies, such as China and the European Union.
In the U.S., recent inventory builds and a cautious outlook from the Federal Reserve have also contributed to bearish pressure on crude markets.
OPEC+ and Demand Outlook Remain Key
While the ceasefire has helped ease supply fears, traders remain highly attuned to OPEC+ production decisions, potential U.S. shale output increases, and evolving macroeconomic indicators. Concerns over slowing industrial activity in Asia and potential economic headwinds in the West continue to influence short-term sentiment.
“Without a major shock or policy shift, we may see oil prices consolidate or trend lower,” added the CWEB analyst. “But the market remains one geopolitical flashpoint away from reversal.”
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