Iran Conflict News: Oil PLUMMETS: US and Iran call temporary truce

Oil prices are in freefall this hour. Global crude benchmarks plummeted after the US confirmed a temporary halt to attacks on Iran. This unprecedented pause, designed to allow for crucial talks, signals a potential de-escalation in the volatile Middle East. The news sent shockwaves through energy markets, with analysts scrambling to predict the long-term impact on your wallet. Is this the calm before a new storm, or a genuine path to peace? We're tracking every development.