Global oil prices (BRENT and WTI) have fallen 5 consecutive trading days, dropping below $100 and $90 per barrel respectively, amid diplomatic hopes following Trump's disclosure of 3-hour US-Iran talks. Saudi Arabia's planned restart of the East-West pipeline (7M bbl/day capacity) and increased throughput via the Strait of Hormuz are easing supply-side tensions. However, risks remain: Iranian negotiating power weakens while escalation risks persist, previous ceasefire attempts have failed, and Houthi attacks continue. Thai energy importers and businesses exposed to fuel-dependent sectors should monitor these geopolitical developments closely.