Oil prices stabilize as US-Iran ceasefire holds, easing geopolitical risks and boosting WTI above $101.

The US-Iran ceasefire has held for over a month, allowing tanker traffic through the Strait of Hormuz and reducing geopolitical risks that previously spiked oil prices. WTI crude oil reclaimed $101, supported by bullish technical signals, while Brent crude held steady near $106. Natural gas prices remain subdued around $2.92 due to ample storage and reduced supply disruption risks. Market focus is shifting back to supply, demand, and inventory fundamentals, though the situation remains sensitive to any changes in OPEC+ policies or geopolitical tensions.