Oil prices have decreased following a decision by President Donald Trump to halt new strikes against Iran. This development comes as the president claims a deal to end the Middle East conflict is nearing. The conflict in question has been ongoing for over five months.

A resolution to the fighting could have significant implications, although details are limited at this time. For more information on this situation and its potential impact, readers can refer to the original report from the Associated Press, as covered by KXAN in West Lake Hills, TX.