Crude oil prices traded flat in Friday sessions, capping a week of subdued volatility as investors digested the latest developments in US-Iran diplomatic efforts.
The lack of directional conviction in the market reflects a cautious stance among traders, who are balancing hopes for a sustained de-escalation against the risk of renewed hostilities.
Brent and WTI benchmarks showed little movement, with the market effectively pausing to assess the durability of the interim peace deal.
The stability in prices comes after a period of heightened sensitivity to geopolitical headlines, where even minor shifts in diplomatic rhetoric had previously triggered sharp repricing in energy markets.
The current calm follows an agreement between the United States and Iran to halt recent military hostilities, a move designed to preserve a fragile truce that had been under threat.
While the ceasefire has provided a temporary reprieve, underlying tensions remain unresolved, keeping a risk premium embedded in crude valuations.