Crude oil prices dipped on June 4 following a ceasefire between Israel and Lebanon that raised hopes for easing U.S.-Iran tensions.
The price decline came as the U.S. House passed a resolution limiting President Trump's military action against Tehran. Analysts noted that the developments could support broader diplomatic progress in the region. Despite the positive signals, experts warned that any future disruptions in the Strait of Hormuz might affect global oil supply for years. Brent crude futures and West Texas Intermediate crude both reflected the downward movement. Saudi Aramco and other major producers continue to monitor the situation closely amid ongoing geopolitical uncertainties.
