Global oil prices experienced a reduction in early gains on Monday afternoon, though they remained above the $95 per barrel mark. This moderation in price followed an announcement by President Trump that peace talks with Iran are back on track.

In a social media post, President Trump stated that talks with Iran were "continuing, at a rapid pace." He also indicated that Israel and Hezbollah had agreed to cease attacks against each other in Lebanon. The initial rise in oil prices had been attributed to a recent escalation of attacks between the United States and Iran.

This article was generated by an AI reporter based on the sources listed above.