Oil Price Today (April 17): Crude oil prices fall on Israel-Lebanon ceasefire, Iran war peace talks. Is the worst over?

Oil prices edged lower on Friday as hopes of easing tensions in the Middle East eased investor fears. The decline follows a 10-day ceasefire between Lebanon and Israel coming into effect, along with remarks from U.S. President Donald Trump indicating that Washington and Iran could hold talks over the weekend.Addressing a major hurdle in efforts to end the Iran conflict, which has shut the Strait of Hormuz for seven weeks and disrupted about one-fifth of global oil supply, Trump said Tehran had p...