Oil prices ease after US and Iran pause attacks

Oil prices fell on Sunday, with Brent crude dropping 4.9% to $92.02, as the United States and Iran refrained from further military strikes in the Persian Gulf. The decline follows a 3.9% drop on Friday, easing from a two-month high of $102 per barrel hit last week amid Middle East tensions. However, concerns remain over the Strait of Hormuz and alternative routes, with U.S. gasoline averaging $4.11 per gallon.