Investors typically watch the oil market closely, and recent developments have shown that the expansion of US sanctions on Iran did not significantly impact oil prices. Instead, the market seems to be betting on a return to negotiations between the US and Iran, which could potentially ease tensions. As a result, both Brent and WTI crude oil prices fell by more than 3%, with Brent dipping below $89 per barrel. Despite these price drops, concerns remain over the continued low traffic through the Strait of Hormuz and the ongoing attacks on oil tankers, indicating that the global supply risk has not been fully resolved.