Oil falls as markets weigh US-Iran truce hopes against Houthi attacks

Oil prices fell on Friday as traders weighed the possibility of de-escalation between the United States and Iran against renewed security risks in the Middle East. Reuters reported that markets were watching possible truce efforts while remaining alert to Houthi attacks on Saudi Arabia and threats to oil infrastructure and shipping. No final ceasefire agreement had been announced in the cited report, leaving energy markets sensitive to further military and diplomatic developments.