International oil prices fell on Tuesday, with Brent crude futures down 0.87% to $114.80 per barrel and US WTI crude down 0.86% to $100.88 per barrel. The decline was mainly due to diplomatic efforts in the Middle East, as officials from Saudi Arabia, Turkey, Pakistan, and Iran held talks in Tehran on Monday, aiming to de-escalate the US-Iran conflict and broader regional tensions. US President Donald Trump stated on Sunday that he was considering either a deal with Iran or increased military action, and a Qatari representative also traveled to Tehran on Sunday to assist in mediation.