According to CoinMeta, oil prices corrected their decline due to the delay in the US-Iran agreement. Last Tuesday, as expectations for a US-Iran agreement strengthened, crude oil prices tumbled significantly. Qatari mediators stated that a draft of the possible agreement between the US and Iran had been prepared, and US Treasury Secretary Steven Mnuchin confirmed that an agreement could be reached on Wednesday, which would include the reopening of the Strait of Hormuz. However, as the expected timeline was not announced as scheduled, oil prices began to correct their decline. Nevertheless, the lack of US attacks on Iran is a positive sign and is expected to support oil prices. Currently, oil prices are trading above the key support level of $78.00, and buyers may intervene at this level in search of a rebound above $90.