Crude oil prices have taken a sharp downturn, with WTI crude dropping from $108/barrel to $103/barrel in 4 hours.

According to Gate's market data, crude oil prices have taken a sharp downturn, with WTI crude falling from $108/barrel to $103/barrel over the past 4 hours.

Earlier reports indicated that Iran has submitted a new proposal through Pakistan, potentially shifting focus toward ending the war. Additionally, citing Axios' global affairs correspondent, the United States has also submitted a list of amendments to the nuclear agreement to Iran via Pakistani intermediaries.