In the Middle East, tensions have eased, leading to a decrease in oil prices. This development comes after the United States and Iran decided not to proceed with military strikes. As a result, oil prices pulled back over the weekend.

The decision by both countries to hold off on military actions has had a direct impact on the oil market. Further information on this situation is available from KTVU FOX 2 News, providing more details on the current state of oil prices and the Middle East tensions.