Asia-Pacific markets rose after a sharp drop in oil prices eased investor concerns, following signs of de-escalation in the Middle East conflict.

Oil prices dipped Monday as President Trump touted what he described as “productive” talks with Iran. Oil prices actually dropped a few minutes prior to Trump’s Truth Social Post. International benchmark Brent crude was trading at about $102 per barrel on Monday,

Benchmark Brent oil ​prices jumped above $119 a barrel on Thursday, March 19 after Iran attacked energy facilities across ‌the Middle East.

By Jarrett Renshaw and Marianna Parraga HOUSTON, March 23 (Reuters) - Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston,

On 23 March, crude oil prices plummeted over 14% after President Trump announced a five-day pause on military actions against Iran, following positive discussions. Despite the drop, prices remain significantly higher than earlier in the month.

Even with oil prices climbing, people in West Texas say it doesn’t feel like the start of another boom, at least not yet.