Global oil prices continued to fall after uncertainty over talks between the United States and Iran created new worries in international markets. Traders and investors are concerned that ongoing tensions in the Strait of Hormuz could continue to disrupt global shipping and energy supplies. The waterway is one of the world’s most important oil routes, with around one-fifth of global oil shipments normally passing through it. Because of these fears, oil prices dropped significantly during international trading. Brent crude futures fell by $4.64, or 4.48 percent, reaching $98.90 per barrel by 22:03 GMT. At the same time, US West Texas Intermediate (WTI) crude also dropped sharply. Prices fell by $4.42, or 4.58 percent, bringing WTI crude down to $92.18 per barrel. Markets are reacting to uncertainty about whether Washington and Tehran can successfully reach a peace agreement. Investors worry that if tensions continue, restrictions on shipping through the Strait of Hormuz could damage global trade, increase transportation costs, and slow economic activity worldwide. Analysts say energy markets remain highly sensitive to developments in the Middle East because the region plays a major role in global oil production and exports. The situation has added pressure to financial markets as countries and businesses closely watch negotiations between the US and Iran.