Oil prices have declined as optimism for peace in Ukraine grows, driven by recent diplomatic talks between Russia and Ukraine, with U.S. officials expressing confidence in finalizing a peace agreement soon. This development has led investors to anticipate reduced supply disruptions and sanctions, resulting in lower prices for crude oil. Historically, oil and conflict have been closely linked, but the potential for a diplomatic resolution could not only ease market volatility but also reshape global energy dynamics by increasing supply from Russia. However, uncertainties remain about the reliability of any agreement, as both Ukraine and Russia seek security guarantees, highlighting the intricate balance of international relations and energy markets influenced by geopolitical tensions.