Oil prices dropped after Israeli Channel 12 reported a potential one-month ceasefire, under a plan developed by Steve Witkoff and Jared Kushner. The report indicated a possible reduction in regional geopolitical risks, leading markets to price out some of the war-risk premium. The ceasefire could ease tensions and lower the risk of disruptions to energy infrastructure, though the market remains cautious until official confirmation and further details emerge.

2026-03-25

Oil prices dropped after Israeli Channel 12 reported a potential one-month ceasefire, under a plan developed by Steve Witkoff and Jared Kushner. The report indicated a possible reduction in regional geopolitical risks, leading markets to price out some of the war-risk premium. The ceasefire could ease tensions and lower the risk of disruptions to energy infrastructure, though the market remains cautious until official confirmation and further details emerge.