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Global oil prices have eased after surging to nearly $119 per barrel, amid signs of stabilizing energy markets and possible easing of sanctions on Iran. The dip comes despite continued strikes on key energy infrastructure in the Gulf region. #oilprices #crudeoil #energycrisis #middleeast #breakingnews #geopolitics #globalmarkets #iranisraelwar #economy #news #latestnews #latestwarnews #englishnews #timesnow Times Now - Times Now News channel examines news with in-depth analysis. We provide much more than the latest news and breaking news of the day. Times Network houses upscale television channels. Times Network takes the lead with its ground-breaking innovation and disruption of a new content category. The Times Network channels, which have a global footprint in 100 countries, inform, entertain, and engage viewers of all ages with fascinating and intriguing content, news, and information. Subscribe to our channel - https://bit.ly/SubscribeToTimesNow Check out our website: https://www.timesnownews.com Times Now News App : https://bit.ly/3AD5qqN Connect with us on our social media handles: Facebook: / timesnow Twitter: / timesnow Instagram: / timesnow Subscribe to our other network channels: Times Now Navbharat: https://bit.ly/SubscribeToTNNavbharat Zoom: https://bit.ly/SubscribeToZoom Mirror Now: https://bit.ly/SubscribeToMirrorNow ET Now: https://bit.ly/SubscribeToETNow TN+: https://bit.ly/SubscribeToTNPlus Chapters: 0:00 Oil Prices Update: Recent Trends and Changes 1:22 Reasons Behind the Drop in Oil Prices 2:12 Strait of Hormuz: Current Status and Impact on Global Trade 3:43 Significant Escalation: Iran Strikes U.S. F-35 Fighter Jet 5:37 Understanding the Implications of Iran Targeting U.S. Military Assets