Global Energy Update **Geopolitical tensions eased** on Thursday as crude markets responded to a shift in US foreign policy rhetoric. Oil prices extended their downward trajectory following statements from President Donald Trump that signaled a de-escalation of potential military conflict with Iran. **Brent North Sea crude**, the international benchmark, saw a significant retreat. The price per barrel dropped by **4.4 percent**, settling at **$63.61**. This sharp decline reflects a reduction in the "geopolitical risk premium" that had previously supported higher valuations. Market sentiment has shifted from immediate supply-side concerns to a more stable outlook as the threat of imminent regional disruption diminishes. Traders continue to monitor diplomatic developments for further impact on global energy pricing.