Oil prices have decreased due to recent developments in international relations. Talks between Iran and Oman are reportedly underway, and investors are considering the potential impact on a possible US-Iran peace deal.

The discussions between Iran and Oman may lead to a resolution to the five-month situation, although details are limited. Investors are assessing the situation and its potential effects on oil prices.

Further information on the Iran-Oman talks and their potential influence on a US-Iran peace deal can be found in the original report from the Reuters news agency, as reported in the Galveston County Daily News.