UAE air defenses engaged incoming Iranian missiles hours after US‑Iran‑Israel temporary ceasefire agreement.
Trump announced the truce, citing a 10‑point Iranian proposal and pledged U.S. assistance to manage Strait of Hormuz traffic.
Brent crude futures fell below $100 per barrel, while equity markets in Asia, Europe and U.S. futures rose on easing oil‑supply fears.
Analysts said price direction depends on durability of talks, with volatility expected during negotiations later this week.