Oil prices are dropping following reports of a potential agreement between the United States, Russia, and Ukraine. Walter Bloomberg reported the news, citing a possible ceasefire agreement. The anticipated deal hinges on Russia halting its offensive operations specifically in the Kherson and Zaporizhia regions of Ukraine. Such a cessation of hostilities would ease concerns about supply disruptions, a major factor driving up oil prices in recent months. While details remain scarce and confirmation from all parties is pending, the market reacted swiftly to the news. Traders are cautiously optimistic, hoping for a de-escalation of the conflict and a stabilization of global energy markets. Further updates are expected as negotiations progress. ```