Oil States International, Inc. (OIS) shares are down 3.15% to $5.54 as of 2:08 pm on Monday, compared to its previous close of $5.72 on November 22nd. The decline in OIS stock is largely attributed to a broader drop in oil prices, which fell more than $2 per barrel on Monday. This drop followed reports of a potential peace deal between Israel and Lebanon, which could ease geopolitical tensions in the Middle East and impact oil supply dynamics. The news has exerted downward pressure on oil-related stocks, including Oil States International, as investors react to the potential for increased stability in a key oil-producing region.