WTI Crude Oil Prices Drop Amid Iran's New Proposal

WTI crude oil prices have experienced a sharp decline, falling from $108 to $103 per barrel over the past four hours, according to Odaily. This drop follows reports that Iran has submitted a new proposal through Pakistan, potentially shifting focus towards ending the ongoing conflict. Additionally, Axios global affairs correspondent reports that the United States has also presented a revised nuclear agreement list to Iran via a Pakistani intermediary.